Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Justice NA

Justice NA has started 0 posts and replied 3 times.

Quote from @Denise Evans:

@Justice NA, you reply to the email that sent you the price quote.


Thanks for your speedy reply!

Quote from @Denise Evans:

The city can foreclose their lien and sell the property at auction. That lien trumps your tax certificate, so the city foreclosure purchaser can get the property and not pay you anything. As far as I have been able to find out (Somebody PLEASE correct me if you know better) the demolition lien is good for 20 years. It racks up interest that whole time. The city does NOT have the ability to accept less than payment in full to release a lien. Their hands are tied because the statutes do not allow that. So, you can ignore the lien, but the eventual price tag will increase by 7.5% per year, meaning the lien will double every 13 years.

@Denise Evans does this mean demolition nuisance liens are removed after 20 years and the tax deed will not have any liens ties to it if purchased? 

Quote from @Denise Evans:

@Anastasia Jordan, the property must be on the state inventory for at least five years. There is no formula.

Is there an email that would be used for the counter offer?