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Updated almost 7 years ago on . Most recent reply
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Owner financing and Buyer owes 5k unpaid property taxes
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?
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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.