Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Buying a property with delinquent taxes in Ohio
The following scenario is hypothetical.
Let's say a property was for sale for 50k and there was 5k owing in property taxes.
Can I just give the seller 45k at closing and make a payment plan with the county for the back taxes? Or do taxes have to be settled up to transfer title ?
If there was a mortgage involved could it be taken over "Subject to" ? Or do mortgage payments always escrow taxes and insurance.
If they're escrowed then I'd assume delinquent taxes also means delinquent mortgage ? Yes/No ?
Sorry if this sounds like a dumb question but I'm from out of country (Australia). Just looking for possible ways to buy in with the least amount of money down.