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Updated about 7 years ago,
Probabte Wholesaling Tax Delinquency
Hello everyone! My name is Vanessa and I am new to real estate investing. My business partner and I just started our own company and want to focus on Probabte Wholesaling. We have been marketing and finally got a call. We got information on the house and found out it actually has a tax delinquency since 2015. The person in charge of the estate does not know much about the house, they just inherited it. My question is, if they decided to go with us and we wholesale, how do we go about dealing with the tax delinquency? Does the owner pay that before they sign the house over to us? Or do they pay it off after they sell it to us with their profit money?
Any advice is appreciated! I'm just trying to get as much information as I can. Thank you