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Updated almost 4 years ago,
Louisiana Tax Lien - Legal obligation to maintain property
I invested in tax liens in a Louisiana parish two years ago, and today I received a certified letter from an attorney representing the city. The letter indicated that the property is "unsafe and dangerous under the provision of the City's building code and the Code of Ordinances. Due to the circumstances that surrounds the structure, the city is seeking to demolish the property. The letter states the importance to seek legal representation immediately.
My stance/understanding is that I do not have a legal obligation to maintain the property, nor do I am required to fund the demolishing of the structure. I do not have an ownership interest in the property.... Am I missing something? Is this merely a tactic to scare me into financing something that I am not legally obligated?
Should I seek council regarding this matter or send correspondence with the City/Attorney surrounding my limited interest in this property.
Thanks for your assistance with this matter.