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 7 years ago,

User Stats

19
Posts
0
Votes
Robert Huizar
  • Owens Valley, CA
0
Votes |
19
Posts

How do I settle "Cash for Key" before Tax Auction?

Robert Huizar
  • Owens Valley, CA
Posted

I have a friend whose property will be going up for auction soon due to delinquent taxes and failure to pay on their payment plan and they have no intention to pull it out of auction.  I offered them a sizable amount of cash to handle the matter outside of auction, and to my surprise, they agreed seeing that they were going to abandon the property anyway.

Whats the best way to handle this type of transaction?  Quitclaim with disclosure?

Loading replies...