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Updated over 5 years ago on . Most recent reply

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Jordan Jones
  • CA
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Buying parents home with tax liens (California)

Jordan Jones
  • CA
Posted

Parents home is paid off, however, heavy tax liens against the property - now threatening foreclosure. Unable to gain loan or HELOC to pay off tax liens and selling is not an option for them. I really want to help them as a cosigner or them gifting me the house, lots of equity and good investment long term. Don't have enough cash available to pay off loan.

What are my options? 

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Kyle J.
  • Rental Property Investor
  • Northern, CA
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Jordan Jones If your parents' home is paid off (i.e. no mortgage), then there isn't going to be a foreclosure because there's no bank/lender to foreclose on them. What I think you might be referring to is a county tax sale for past due property taxes. However, in California, in order for that to happen your parents would have to have not paid their property taxes for five or more years. Is that how long they have not paid their property taxes? And if so, how would they pay a mortgage or HELOC or other type of loan if they were to get one?

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