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Updated over 6 years ago,

User Stats

6
Posts
4
Votes
Daniel Gasca
  • Dallas, TX
4
Votes |
6
Posts

Owe More in Taxes than what the House is Worth

Daniel Gasca
  • Dallas, TX
Posted

So I found this empty lot and looked it up on the county website and saw that they owed over $30,000 in taxes. My question how would someone go about pursuing the land if the land is only worth $13,000? The properties already in that neighborhood are going for big money not to mention the price for the new builds going up.

I haven't been in contact with the owner yet but is there a strategy that can be used here? Would other investors even be interested in this lot for a wholesale deal? 

Thank you in advance.

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