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Updated almost 5 years ago,
Paying Off Someones Tax Debt
Okay so my wife and I are doing some research into tax liens and tax sales cerificates. We understand that delinquent taxes go to auction and are purchased and the owner of the property has a certain amount of time to make the certificate holder whole plus fees and interest.
Now lets say a third party steps in before the set amount of time is up and offers to pay the property owner the amount they owe to make the certificate holder whole. What can the third party benefit from an arraignment like this? Could there be a contract where there's an agreement made between third party and owner to obtain the property title?