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Updated over 11 years ago on . Most recent reply

User Stats

137
Posts
50
Votes
Vania Castillo
  • Investor
  • New York City, NY
50
Votes |
137
Posts

Land/ building different title?

Vania Castillo
  • Investor
  • New York City, NY
Posted

Hello BP community!

I'd like to bring this situation to the forum and see whether someone else has ever encounter this some similar and how they dealt with it.

My investment niche is tax liens: One of my tax lien from last year did not redeem. The property is a nice 3 family house in Providence, RI.

Under other circumstances that would be great news, but I'm concerned because the building (which is the tax lien I bought) and the land have different title ( I don't have a tax lien on the land). Now I'm moving towards foreclosure on the building, but don't know what is going to happen if I successfully foreclose on the building.

Is the owner of the land going to offer the land for an astronomical price? is he going to lease it to me? Is he going to ask me to move my building?

Please help showing me some light about this situation and how to navigate it.

Thank you!

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