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Updated about 10 years ago on . Most recent reply

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7
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Jon C.
  • Real Estate Investor
2
Votes |
7
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Obsene amount of unpaid property taxes

Jon C.
  • Real Estate Investor
Posted

BP,

     I have a lead that has $37,336.99 worth of unpaid property taxes.  They haven't paid taxes since 1993.  The property is worth $163,000.  The original note from 1966 of $15,750 is paid off.  I have a few questions:  how has this property not gone to tax deed sale?  There are some liens from the IRS from the 1980's on file.  Does this make sense of wholesale?  

Most Popular Reply

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3,866
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
3,548
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3,866
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
Replied

@Pat L. I like your friend's strategy.

Of course, if unsuccessful he runs the obvious risk:

Sister may need to move in with him.

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