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Updated about 5 years ago on . Most recent reply

User Stats

58
Posts
7
Votes
Min Kim
  • Knoxville, TN
7
Votes |
58
Posts

Property with delinquent taxes

Min Kim
  • Knoxville, TN
Posted

I’m looking into a property with delinquent taxes, property (duplex) is currently being rented out, but only one unit has been rented for years. Unit is definitely outdated.

Looking to make a strong cash offer to help them out of a bad situation.

- Should I just go through normal home purchase with agent? Ensure the seller pays taxes prior to sell.

- Try and do a Quit Claim Deed, give them a cash offer, and assume the taxes and pay them?

Most Popular Reply

User Stats

1,394
Posts
1,180
Votes
Allan Smith
  • Developer
  • Nashville, TN
1,180
Votes |
1,394
Posts
Allan Smith
  • Developer
  • Nashville, TN
Replied

Avoid agent when possible, save the commission. That's what I do.

get a title company or attorney to do a warranty deed and title policy. Quitclaim is risky. After the title search, you ll know if there are any other title encumbrances. 

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