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Updated almost 7 years ago,
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?