property scheduled to close got seized by the tax authority

[Michinori Kaneko]

Hi,

I have a property that I am supposed to close on Monday, but apparently the owner hasn't been paying property taxes on it, and it has been seized by the tax authority to be listed for sales. Has anyone experienced anything similar, and is there anything I can do make this transaction go through other than just hope that the owner will buy back the property from the tax authority?  Thank you for your help!

[Wayne Brooks]

If it is a “regular” sale, all debts on the property get paid out of the seller’s proceeds.  We’re not sure what “seized” means.....typically if it is scheduled for a sale, the taxes can always be paid up until the sale, with possible redemption rights afterwards.

You need a clearer understanding of the process, your title co. will know what to do.