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Updated over 3 years ago on . Most recent reply

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R. Quinn
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Cobb County Tax Sale Pre-Redemption Risk

R. Quinn
Posted

If a tax sale property is mysteriously destroyed within 12 months after purchase, and then subsequently not redeemed where does that leave the investor?

I saw a tax sale for $60k,  the arv is about $110k. The house is in need of extensive work and the lot without structures is worth $30k.

Should the house finish falling over or befall some other unfortunate fate before the redemption period expires, is that just a $25k loss?

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