Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Surplus funds, Unpaid taxes in foreclosure sale
I’ll try to keep it brief. We won a foreclosure and the surplus is in excess of $30k. Last years taxes and this years’ are unpaid. Can we lay claim to these funds? The 2018 taxes were paid for via tax certificate but still unpaid as far as we are concerned when we go to sell. Can I motion for a disbursement to these funds to clear up the tax certificate holder? Should I contact them directly? Any help in this matter would be greatly appreciated. Should I create my own lien on the property I now own?
We are planning on selling it after a small rehab.