All Forum Posts by: Jesse Kropf

@Kevin Sobilo

Thank you again for the help. 

Are there any ways to find out the mortgage balances on a property, other than physically going to the courthouse?

@Kevin Sobilo, @Bruce Lynn, @Peter Walther

Thank you so much for all the helpful info! It's given me a lot to think about, and I have several more questions.

1) For this particular sale, the county says that the deed will be delivered in approximately 4-6 MONTHS from the time of the auction. Does this mean that the buyer may not legally take possession of the property until the deed arrives? Who is responsible to maintain the property in the meantime?

2) Am I understanding correctly that a tax upset sale transfers any existing mortgages and liens? So for example, a primary mortgage, secondary mortgage, and home equity line of credit would all transfer to the buyer?

3) Who is the right person to assist with researching liens and title issues on properties? A real estate attorney?

4) Would there ever be a benefit to approaching the current owner and offering to buy the property from them, and pay their property tax, which would remove it from the tax sale? I've heard of that being done with a property about ready to go into foreclosure.

Hi, we have a tax deed auction coming up in PA, with over 1500 properties on it. I've been doing a lot of research and still have some questions for those who have done this before.

1) If a property has a long driveway and you can't see the house from the road, is it legal to drive up the driveway to the house? Would you drive in the driveway and turn around again, or talk to the property owner for any reason? I would like to at least see that the house is there and the roof is not caved in, etc. I can't imagine that the current occupant would be happy to talk to me about their property.

2) How do you research other liens that may be on the property, besides the tax lien?

3) If the occupant is still living there, how do you evict them?

4) How long do you need to wait in PA before you can quiet the title, and sell the property to a buyer with traditional financing?

5) Would you change the locks immediately? What if you can't tell if the home is currently occupied? How do you gain access to the house without the keys?

Thank you for any help, I appreciate it!

I'm sure someone else can give a more complete answer. Because the house was owner-occupied (he lived in the house), and he satisfied the 2-year HUD requirement, he didn't have to count the profit on the investment as taxable income.