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Updated over 8 years ago on . Most recent reply

User Stats

54
Posts
6
Votes
Chris Silvas
  • CPA
  • Houston , TX
6
Votes |
54
Posts

Multi-unit with 4 years of back taxes

Chris Silvas
  • CPA
  • Houston , TX
Posted
There's a multi-unit property with 4 years of back taxes totaling a current amount due of about $50,000. I was able to contact the owner to ask about purchasing the property. He told me he is definitely not interested in selling. I also found out last year he even went in and protested the value of this property. So he hasn't paid a dime in property taxes in 4 years, but he's going in and protesting values, and is definitely not interested in selling. I just don't understand why 1) he's not a motivated seller and 2) how has he not been foreclosed on by the county for taxes yet? Perhaps I'm missing something, but I know something just isn't adding up. Any experiences or further insight into this matter is greatly appreciated. Thanks BP.

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