Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Real Estate Deal Analysis & Advice
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 9 years ago on . Most recent reply

User Stats

114
Posts
13
Votes
Ehab Tadrous
  • Manassas, VA
13
Votes |
114
Posts

tax sale overages

Ehab Tadrous
  • Manassas, VA
Posted

Dear ALl, i recently bought a parcel of land in a tax auction , plus other properties also were sold at the same auction and there is a high margin on all the transactions happened that time , my question is  am i allowed to claim the tax overage for myself as the new property owner or no ? the old owner is not available because he is either in a senior house with old age or mental problems or probably dead by now as far as i learnt on that part , thanks for your help 

Most Popular Reply

User Stats

570
Posts
452
Votes
Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
452
Votes |
570
Posts
Eric H.
  • Real Estate Solutions Provider
  • Baltimore, MD
Replied

@Ehab Tadrous I am not really sure what you are asking......did you buy at a 'traditional' auction or tax sale? If it was a tax sale, is it a tax lien or tax deed? If it was a tax lien, you will have to pay that overage at the time the title is transferred (when you complete the foreclosure process). If you bought at a traditional auction or if it was a tax deed sale, the answer is still no. The overage is for the individual that owned at the time the property was auctioned off.

Hope this helps!

Sincerely,

Eric H.

Loading replies...