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Updated almost 2 years ago on . Most recent reply

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Nova Dear
  • Chicago, IL
3
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7
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Tax Lien Reassignment/Resale

Nova Dear
  • Chicago, IL
Posted

Hello,

I'm hoping someone could provide some insight as to the possibility of a tax certificate buyer being able to resale their certificate or reassign their interest and position to someone else? 

In essence I'm interested in a property whose taxes have been sold and I wanted to see if I could offer the tax buyer compensation for their interest or position in the property. The taxes sold last November and the current ownership structure is impossible to work with so the tax position would be path of least resistance to eventually own the property. 

Most Popular Reply

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Ned Carey
  • Investor
  • Baltimore, MD
12,725
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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Nova Dear in most states yes tax liens are assignable. However generally there is no incentive to assign you a tax lien unless you pay a premium over the present value of the lien. You are at risk of loss if the owner redeems.

Also many tax sale bidders over bid. You could be buying a losing opportunity. 

  • Ned Carey
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