Wholesale Homes w/ Delinquent Taxes?

[Dee W.]

Curious:

Can one wholesale a property that is tax delinquent? Good idea? Bad idea? How to do it? What to look for? Can someone direct me to some info about these types of deals?

Truly appreciated.

[Ned Carey]

This was just asked last week

Yes you can wholesale a home with delinquent taxes. The taxes simply get paid off at settlement.

Most contracts will say the home is being sold free and clear of all liens. This means that the taxes will be paid out of the sellers proceeds. Another option is to offer the owner a NET price and you pay the taxes on your side.

One caveat is if the property is in an active tax foreclosure, time may be short.

I do deals like this all the time. If fact I seem to specialize in the tough deals. If anyone has a complicated deal in Maryland let me know. I may be able to help.