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Updated about 4 years ago,

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6
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Phil Sirmarco
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6
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Tax lien foreclosure question

Phil Sirmarco
Posted

Got a situation and could use some advice and guidance. I was approached to buy a house that was a tax lien foreclosure. After investigating it further I found that the owner can come and still claim the house and pay what’s owed to get house back within a year of the judgement. The person that approached me was simply issued a judgment to purchase the house for what’s owed. I’ve heard from the owner of a title company that said he would not issue a title for a year because the owner can still claim it if he pays the taxes plus other fees. Is there a way for me to go straight to the owner to redeem the house and I pay him a fee for his time plus what ever he owes to get the house directly from him so I don’t run into any issues of losing my investment or do I take the risk buy it from the guy that approached me and just hope the original owner does not redeem house in that year? There is a title company that will issue a title 90 days from judgement but not sure if I go to sell house within that year if I could get another title company to issue a title if needed buy another buyer?

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