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 about 5 years ago,
Philadelphia Delinquent Taxes Principal Payoff Request
Hey BP,
I have another lead I'm interested in pursuing but the back taxes are a bit extreme. I wanted to know if anyone has experience with the the city potentially making an individual who inherits a property responsible for only the principal? (i.e forgiving interest charges).
I've been told from some who have been in the game some time but those instances were in reference to cash purchases with accepting the sellers debt in return for a lower purchase price.
Any help would be great, thank you!