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Updated almost 11 years ago on . Most recent reply

User Stats

807
Posts
473
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Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts

My property was nearly auctioned from under me!

Nat C.
  • Investor
  • Miami, FL
Posted

I just had a doozy of a situation.

My tenant didn't pay rent for March and I asked him why not. He said because the property was about to be auctioned and he was going to end up homeless. As I bought it cash in full I was mighty confused.

I called the tax appraiser and property taxes from 2010 were not paid. I bought the property in Sept 2010. I never received any tax bill for 2010. I paid 2011, 2012, 2013.

As 2010 was never paid, the property went into foreclosure status. The tax bill doubled in the past 4 years due to being delinquent. I've just paid the whole amount. Is there any way to get the money from the seller? I bought it from a bank as a foreclosure.

Most Popular Reply

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22,059
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14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

This should have been caught in the title search. I'd contact the company that issued the title insurance when you purchased and pursue the matter through them.

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