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Updated almost 7 years ago,
Is tax lien purchase an option?
I have found a house which has been vacant since 2015 when the owner died intestate. The potential heirs include an aunt of the deceased and 7 cousins. None want to pursue the probate process and seem content to have the property eventually proceed to a tax sale...
Despite my offer to cover all costs to clear title, they are adamant about having nothing to do with the property. In Virginia, could I purchase the tax lien and take possession of the property somehow? Relative to the ARV, the tax due is very low...if there is a way to “possess “ the property I could generate great cash flow over time even if a future sale might be difficult...
Any suggestions appreciated...I hate to walk away from this one!