detroit, macomb · Member since 2018 · 84 posts · 42 votes
Hi yes i was wondering would it be possible to talk to a TAX PAYER/current owner of a property on a house? because ive been looking at this property and its going into foreclosure if all taxes are not paid before 6/21/2021 and they owe 8000$ in back Taxes and it does not look like they will pay. So i was wondering is there any possible way to get into contact with the current person living in the home and offer them some cash to walk away from the home and have them put the house in my name because they are going to loose the home as is. If they were to agree? and then pay off ALL back taxes on the house in Full before it goes into forclosure on 6/21/2021 or does this sound like a bad idea? thanks,
Sure - it's possible. But there's not enough information here to determine whether you should. Even if the owners agree to sign title over to you if you pay the taxes, all other liens against the home will still be outstanding and they will now be your problem if you want to keep the property. Also - odds are - if there is a mortgage, that lender will go ahead and just pay the taxes and add it to the homeowners balance. The lender wont let the house foreclose.
Sure - it's possible. But there's not enough information here to determine whether you should. Even if the owners agree to sign title over to you if you pay the taxes, all other liens against the home will still be outstanding and they will now be your problem if you want to keep the property. Also - odds are - if there is a mortgage, that lender will go ahead and just pay the taxes and add it to the homeowners balance. The lender wont let the house foreclose.
I guess OP needs to learn something called sub-to.