Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

4
Posts
0
Votes
Owen Boller
0
Votes |
4
Posts

Neighboring land going to Auction

Owen Boller
Posted

The county has listed some land next to my house via a tax foreclosure auction. I know the owner died and her relatives are all unable to pay for the land. The taxes are only a few hundred each year. My worry is that if I bid on the property I may have to pay more than market value since people may know i want it (or the auction company will bid against me). 

I tried to buy the land before the auction but they won’t allow it. Can I just pay the taxes to the county for 10 years then file for adverse possession, or is that too risky? Has anyone done this? 

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied
Quote from @Owen Boller:

“they” is the County. It’s a tax delinquent foreclosure. Why wouldn’t adverse possession work if I paid the taxes for 10 years? 

Read your state laws carefully….simply paying the taxes for 10 years likely doesn’t qualify. At any point an heir can pop up and reclaim, or simply pay the taxes one year. Your Brest bet is to make a deal with the heirs and guide/help through the process to have the legal authority to sell it to you.

Loading replies...