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Updated over 5 years ago,
Redeem house after tax sale
Hello Guys,
We have the opportunity to help a person we know redeem its parents house that they lost at tax sale to an investor 8 months ago.
Attorneys seem to say there is a way to file a petition at the courthouse, pay the delinquent taxes and get the title back. In exchange for paying back the taxes, my partner and I would gain 60% equity of the house and resell it (free and clear). We are looking at making at least 50% on our money after resell.
Has anyone been through a redeem process like this one? Does this usually work?
FYI - house is in Pennsylvania
Thanks