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Updated about 7 years ago on . Most recent reply

User Stats

34
Posts
3
Votes
Edward Ferrer
  • Brooklyn, NY
3
Votes |
34
Posts

Tax Sale Deed Purchase!

Edward Ferrer
  • Brooklyn, NY
Posted

Hi BP, 

Advice Needed 

I Bid and won on a property from New York State Online Tax Auction.  Downpayment was accepted by county.  5 Months later I was notified of litigation on the property between prior owner & county, of which delayed the deed transfer.  Note: entire balance was not collected by county only downpayment.  

Unfortunately, County treasurer now updated me on the property which resulted in a court order to return the auctioned property back to original owner.

What is you opinion about this? 

Real Estate Attorney advice welcomed or Experienced individuals alike. 

Thank you, 

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