Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jenny Peters
0
Votes |
1
Posts

Question about percentage of ownership in tax sale- Louisiana

Jenny Peters
Posted

I'm a newbie considering bidding on a few properties at an upcoming tax title sale. I'm in Louisiana and I'm a little confused about the bid-down percentage method we use. In the unlikely event the owner goes the full 3 years without redeeming the property, how does having a lower ownership interest (say 1%, for example) in the tax title effect my rights to the property? What other liens would take priority over parish or city tax liens that could prevent me from from gaining full ownership? Anything else I should be aware of before I bid?

Sorry if this question has been answered elsewhere. I've done several searches and I'm not coming up with the answer I'm looking for.

Most Popular Reply

User Stats

70
Posts
48
Votes
Reuben Gathright
  • Investor
  • Lake Charles, LA
48
Votes |
70
Posts
Reuben Gathright
  • Investor
  • Lake Charles, LA
Replied

@Robert Leonard Here is an example of a spit tax notice after property tax auction in Louisiana.  

Property was auctioned off for unpaid 2014 taxes:

100% Parcel 00100595A

The following tax notices for tax year 2015 were sent out to the original owner and new tax title percentage owner:

2% Parcel 00100595A

98% Parcel 00100595A

Loading replies...