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Updated almost 8 years ago on . Most recent reply
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Potential note purchase with substantial taxes
I'm looking at purchasing a note (potentially my first note). I've read/listened to a considerable amount on the topic but one question still remains.
During my due diligence I have learned that the property has a considerable amount of property taxes that have not been paid. The property is in New York. Does anyone know if the delinquent property taxes are passed through foreclosure or is there a way to have them forgiven (for lack of a better word). It does not seem the taxes have been sold. Any information on the topic would be a great help. Thanks!
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Bob Malecki
#5 Tax Liens & Mortgage Notes Contributor
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you will have to pay the property taxes eventually. Also New York is a very long foreclosure State. Feel free to p.m. me off this board I have a Seattle note investor group and we're meeting this Thursday if you'd like to attend, thanks. Bob Malecki