General Real Estate Investing
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 over 8 years ago,
Just found a tax lein on a property I wanted to close on
Hello BP community,
I found an abandoned house and finally found the owner for the house. Doing some research I see his back do taxes of $12k were bought by a investor from 2011-2014. Its more taxes do now that aren't paid. The owner doesn't want anything for the property he just wants to move on. What is my best option to settle the tax debt? Should I have the owner apply for hardship exemption through the homestead act or negotiations on the debt? The home is only worth arv $75k and it needs $25k of work. Any help is appreciated.