Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

5
Posts
2
Votes
Katherine Beavers
  • New Bern, NC
2
Votes |
5
Posts

Tax Foreclosure Question when estate owed money

Katherine Beavers
  • New Bern, NC
Posted

We have a neighborhood home which has been sitting empty for 6 years and is now in terrible shape, ie- total gut, but thankfully a very small home and we would use it as a rental.  The previous owner passed away suddenly.  The family chose not to pay taxes on it and now it is going into tax foreclosure to pay off debt from the estate. (The only heir refuses to sell thinking he can eventually make lots of money). My question involves a few items.  1) Will the property have to sell for what is owed on it ( around 10K)?   2) If we do bid on it and win the bid will we be obligated to pay off the debt/any other liens? 3) Is there any way we can get in before the auction and get the property ( without paying full price?

Thanks for your input. 

Loading replies...