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Updated about 1 month ago on . Most recent reply

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23
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Kreg Thornley
  • New to Real Estate
  • Atlanta, GA
3
Votes |
23
Posts

Advice Needed on Finding Tax-Delinquent Vacant Land Owners

Kreg Thornley
  • New to Real Estate
  • Atlanta, GA
Posted

Any tips would be appreciated. Thanks!

Most Popular Reply

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823
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490
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Bryant Brislin
  • Developer
  • Irvine, CA
490
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823
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Bryant Brislin
  • Developer
  • Irvine, CA
Replied

@Kreg Thornley please know the following, as I've seen this happen a lot in Southern California where I'm based.  A lot of opportunistic investors who don't know how to really analyze land naively assume that every tax delinquent parcel has a situation where the land owner just didn't have enough money to pay the taxes and thus lost the parcel.  But in many cases, at least here in SoCal, it's many times a situation where the land owner essentially abandoned the parcel for reasons like bad zoning, little-to-no access, irregular shape (i.e. triangular) that makes it less efficient, environmental challenges, topography, etc.  Why would a land owner abandon a parcel to the tax collector? Because if not much can be done with it due to the reasons stated above, they don't want to keep paying property taxes, weed abatement/landscaping, have liability/insurance issues, etc et etc.

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