Owed taxes next to my Rental

[Marc Bazemore]

I would love to get some feed back on tax certificates and tax deeds here in georgia ,Atlanta to be exact,Its an abandoned house next to my rental that I'm going to eventually get ,come to find out its owner is 8 years behind on taxes and says he dosent want it ,the bank FC on him but never took back title of the house ,so the owner or ex-owner is still being persued by the county for code violations and things relating to such,my question is if i purchase the tax deed will i immediately get the property ?

2nd question if I have to wait the redemption period is there any way to speed up the process up so I can start the rehab process?

[Rick Baggenstoss]

I think what @Tom Yungmeans to say is, if you foreclose after the redemption period and barment period, then the mortgage and all other *inferior* liens are wiped out.  IRS liens are not inferior, for example.

Mortgage companies will often redeem and takeover the property via tax deed process.  Some mortgage companies just fail to pay the taxes on time and end up paying the redemption.

Most importantly, @Marc Bazemore as Tom mentioned, chances are this property is worth less than the taxes owed.  Hundreds of savvy investors have decided not to buy it over the last 6 years in a row.  It would have certainly come up for auction several times.