All Forum Posts by: Anastasia Jordan

As long as they start the line over that would work! :) 

 Would it be possible for ADOR to charge a nominal application fee? 

UPDATE: The heir of the original owner redeemed. The crazy man still lives there.

My attorney bought the empty lot next to the crazy man. Crazy man stores his hoard there too.  I just wholesaled the property on the other side of him.....that they crazy man has been hoarding junk inside. All hell might break loose again. But this is Norwood. Speculators are expecting quarter million dollar pay outs in this neighborhood. The risk is worth it. 

Update: Never did get the woods from the pictures above. Tax bill is over $20,000. The state is not currently processing best price offers. Drove down there this summer and magically the land has been cleared. 

On down the road from here, a bootlegger died and my cousin is just squatting in the lady's trailer & paying the taxes. But he don't pay the taxes on the land next door. I applied for it and am monitoring squatcousin. I desire to piece them together and sell to the hunting club next door.  I can barter for a QCD with her kids. 

My business partner's family has 80 acres of heir property that they have never visited (but faithfully pay them taxes every year). Looked it up on the GIS map and it has 2 lakes.  We will be making a presence quickly in 2020......once we get an ATV. 

I started asking questions about how/who my folks bought land from originally and 1 side of the family keeps giving me opposition when answering that question. So I'll be visiting the historical society of another county to piece another puzzle together. FYI, historical societies are very helpful. It's like a social club for nosey people. 

I did find my family's cemetery (slave cemetery).  The county had it listed as "unknown cemetery" with an "unknown owner".  Never in my life have I ever seen that.  I called down to the county trying to jump in on it, lol. They couldn't explain it either and told me to contact the historical society to see if they could find a deed/old land register or something. They have in their records that it is the "black" cemetery (it has 2 sides, black & white) but no source. They couldn't find anything either so they told me to go get an attorney (really?).  Emailed the white side and the heir flew in the next day. Her attorney is supposed to be fixing the situation. She took me to breakfast and I got all in the business about the land, which is all gone. An heir before her lost it all in TAX SALE. An older cousin of hers redeemed the land around the cemetery and the plantation house. They just now started having a joint family reunion at house now. 

Not many people know about the urban renewal zone condition for commercial properties (hell some lawyers don't).  I believe the buyer filed suit against the seller......not sure of that outcome.

Highest I've known was $30k on top of a tax certificate for a commercial property not in an urban renewal zone. The buyer could not have done any due diligence and didn't bother to consult with an attorney until it got redeemed the next week. Insanity.......

Reasonable depends on the risk.  I wouldn't put a high premium on a high risk investment and people need to learn how to recognize high risk. 

Absolutely. The owner (depending on how open they are with discussing their financial situation with a stranger) may let you know if they intend on paying their taxes or letting it go. No way in knowing if you don't ask.  Many sellers will wholesale their quotes they get from the state before they get the deed/certificates. Not a scam but you do need to evaluate your risk.  A $4k+ assignment fee isn't unheard of on tax properties that are low risk (dead, no heirs, poor, defunct LLCs, or incarcerated owners). You must first evaluate the risk..........

 1st thing is to complete your research on the property YOURSELF. Have you or a 3rd party you have hired went to view the property? Is it occupied or vacant? Have you looked up the total amount of taxes that is due?  How much of a premium is the seller putting on top? Is the previous owner still in possession?  Have you attempted to contact the previous owner before sending this private seller your money? Have you pulled a title report?

Depending on the county, they will take the owner's name off the county records as the owner and list it as being owned by the state until the taxes are paid.  Until you do a title search & investigate you won't know if the owner died or not.  You will still need to do a title search.  You could be possible penalized for waiting out the 3 years. Yes you can make improvements and rent it out but first you must gain legal possession by either asking the last title holder of record to surrender the house to you or wait 6 months then file and ejectment.  

Yes, even if it is abandoned. You need either a QCD from the owner on record or a court order to legally take possession. If the property is in your personal name you can file the ejectment yourself for less than $400. If you put it in an LLC/corp name you will have to hire an attorney. I do not know what attorneys charge cause I've never had to pay.

 Fastest I've seen an ejectment go through was 37 days I think.