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Updated almost 9 years ago on . Most recent reply
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tax sale overages
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
@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.