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Updated 6 months ago,

User Stats

21
Posts
5
Votes
Renee Jones
5
Votes |
21
Posts

Subto Purchase w/ Existing Tax Lien

Renee Jones
Posted

I am planning to purchase a property subto the existing mortgage (50k left) and current tax lien (65k). The delinquent tax contract offered the seller can be paid of at 1k pr/mth for the next 5 years. If I close on the property subto, can I continue her delinquent tax contract of 1k pr/mth or would the taxes now transfer to my name? Can I get into my own delinquent tax contract with the same payment structure?

With a subto Purchase what are my options for the delinquent taxes? Other than paying the lump sum...

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