How To Negotiate Tax Liens

[Oraude Boston]

Hey Bp Fam, I have a Abandoned property of interest which needs A full Rehab located in Orange New Jersey. Seller just wants to get rid of the property. This property has tax liens of about 14k as well as a Blight Notice. My Question is how do I go about negotiating this lien down with the county. Are they any pointers or advice I need to know when negotiating tax liens. Are they any specific way or negotiating tactic when dealing with this issue. P.s This would be my first Deal so just looking for any input on this matter

[Eric H.]

@Oraude Boston It's great that you are thinking ahead but.......the taxing jurisdiction is not going to negotiate with you as you are not the owner of the property. If you want to buy this property you will have to pay whatever the lien amount is. Your only opportunity to 'negotiate' with the taxing jurisdiction is after you have acquired the property and the deed is in your name. I buy tax liens in Baltimore City and I experienced success with a similar situation once. I bought a tax lien and foreclosed on the property. The whole process takes about 18-24 months. During that time, there was a water leak at the property (vacant property) and the water bill was over $5,000. I had to pay this to complete foreclosure process and transfer deed into my name. With the help of my real estate attorney, I contacted someone in the city office (can't remember what department), explained that property was vacant and acquired through tax sale, and received a refund of about $1000. So there is hope but you are going to have to kick out the money first and then 'hope' to get some of it returned on the back end.

Happy investing!

Sincerely,

E. Harris