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Updated over 15 years ago, 07/31/2009

User Stats

421
Posts
50
Votes
Skylar Howard
  • Real Estate Consultant
  • Siesta Key, FL
50
Votes |
421
Posts

REOs have back taxes! What?

Skylar Howard
  • Real Estate Consultant
  • Siesta Key, FL
Posted

Does anyone have any idea how to get back taxes reduced, or am I just in dreamland?...Let me explain. I have 2 REOs that I am trying to buy, and they have back taxes. Understand that I have bought many REOs this year, and I know it comes with the territory, but only one had taxes due (about $500)... One of the properties I have under contract is owed $6,500, which are 2 yrs old. The other, $16,000, 10 years old. How can taxes be owed for 10 years with no tax sale? Does this make any sense? These damn taxes make the deal not such a good deal anymore... If anyone has any ideas, please chime in. Even if your idea sounds unimaginable, don't hesitate to post. At this point I will give anything a try!
:crazed:

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