Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
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

Updated almost 7 years ago on . Most recent reply

User Stats

18
Posts
0
Votes
Amy Nguyen
  • Houston, TX
0
Votes |
18
Posts

Owner financing and Buyer owes 5k unpaid property taxes

Amy Nguyen
  • Houston, TX
Posted

I owner financed 5 acres of land to a gentleman with an auto salvage business in 2013. I find out that along with the buyer I am named in a lawsuit for unpaid property taxes.  He owes about 5k in unpaid property taxes.  He claims to have made several payments of $500 and $1k for past several years.  However records show no payments for 2015-2017.  The buyer has no clue that he is in a lawsuit or that the case will be going to trial tomorrow.  Correct me if i am wrong but there is potential for the property to auctioned by the county? At this point i feel i should pay taxes to prevent that and should i also forclose on buyer?

Most Popular Reply

User Stats

1,014
Posts
672
Votes
Henri Meli
  • Investor
  • Morrisville, NC
672
Votes |
1,014
Posts
Henri Meli
  • Investor
  • Morrisville, NC
Replied

Agree with @Account Closed . You don't have much time to discuss the issue here. I don't even know if you have time to contact  an attorney now !!! it is 9pm on the east coast and you going on trial tomorrow ...

Why did you wait until the last minute to find a resolution to this issue? Should be a lesson learned.

Loading replies...