All Forum Posts by: Eddie Kay

Hi and thank you for reaching out. I am looking for my first home and intend to hack it. I am not someone that likes to live with people, but will so that I can reach my goals. I hope to find something with a mother in law suite. I wont invest in the LLC yet, I just wanted to get the bank accounts open so that I can start to build credit with it. Do you recommend paying for the Rei clubs? Are there free ones? Or is the quality of the connections better in the paid ones? Thank you again!

This doesn't sound correct to me.

If you pay off ALL the taxes and liens this should not be auctioned off for back taxes because you paid the back taxes. 

You should be able to look online and see what the back taxes are. There may be some extra administrative fees added on. Also look at the Register of Deeds site and see if you see a y liens or mortgages recorded here against the property.

If you don't see anything alarming. You could either go ahead and get the seller to sign it over to you for a little money for their time or get a title search done to make sure you aren't missing anything.

This sounds like a huge opportunity and I would run this down.

I have had a couple houses given to me in similar circumstances, then I go and pay off the back taxes. Very lucrative.

What state and county is the house located in? Perhaps the house has delinquent taxes with the county as well as delinquent tax lien(s) that have been sold to a third party. If that was the case, even if you pay off everything owed to the county, you would still need to pay off what is owed to the third party as well before the auction would be cancelled. Is there a pending foreclosure action? If so, look up the case and see who all the parties are so you can figure out who all needs to get paid and what the payoff amounts are.