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Updated over 7 years ago on . Most recent reply

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Valery Mora Kepley
  • Oak Ridge, NC
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Tax Lien Questions while researching

Valery Mora Kepley
  • Oak Ridge, NC
Posted

I am looking up information on preliminary tax lien sales.  I am able to see the person who owns the property, then I am looking at the GIS for information on assessment and property location. I am hoping to eliminate some of the properties I look up. Here are some questions I have.

I have heard not to mess with Life Estates.  Would an owner's name listing "et al" be the same?

What if a property is owned by Freddie Mack? Is the government not paying taxes? Is there a chance it will be redeemed?

What is up with HOA common areas not having taxes paid?

Also, are there issues with a lot that doesn't have a number address listed?

Thanks in advance!

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Valery,

I own a tax deed house that Fannie Mae used to own. They and banks will sometimes not redeem properties even after they have foreclosed and taken them back.

Look for life estate or "LE". I have one of these too. I was only conveyed the interest that the LE person owned. I think I will be fine but it is complicated and best to stay away from these unless you do more extensive research.

If a lot has never had a house or MH on it then a street adress doesn't get assigned. 

  • John Underwood
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