Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
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
Followed Discussions Followed Categories Followed People Followed Locations
General Real Estate Investing
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

User Stats

6
Posts
0
Votes
Phil Sirmarco
0
Votes |
6
Posts

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?

Loading replies...