Tax Sales, redemptions & Wholesaling

[Steve G.]

New Member here, and enjoying what I'm reading on the forums !

I've been checking out properties where the owner is behind on their property taxes and would be interested to understand and clarify a few things:

1. If the properties are named on the counties forthcoming Tax Sales notices, would the owners be within their rights to sell the properties ahead of the sale to clear the debt?

2. If so, who pays the taxes, or is this negotiable (maybe it's also dependent on the county)? Could I pay the taxes off and buy the property (as a package deal), or does the lien need to be cleared by themselves?

3. How does the redemption period situation work? If I pay the taxes as part of the negotiation, and then wholesale it to an investor, where does that leave the investor if the original owner decides to redeem the property within the redemption period?

Thanks

[Joseph Ball]

The owners can sell before the sale, but that clears no debt, unless the buyer pays taxes, liens, mortgages, other debts.

Buyer can pay the taxes. The County doesn't mind-as long as they get their money.

This varies, from state to state. Some states have no redemption period. Some allow redemption up to one year. If you speak to the people in your county office, they should advise you on redemption period, in your state.