All Forum Posts by: Marc Dufour

It is a common space for people to enjoy the view, walk their dogs, etc.

Now they could pet my donkey! I need to investigate...

I bought it on **********. How can I know who the 2nd bidder was?

The previous owner had it since 1986. She passed away. Probably bought it very cheap. Assessment was $1K this year.

How about the idea of pushing the neighbors to buy it is I can create an area they don't like.....for example putting a fence with a donkey on it? (seriously!)

Can I put a fence on an lot zoned "open land"?

The neighborhood is VERY conservative. That might get them so mad they would collectively try to buy it...?

Thank you for the advices.

To summarize...it will be challenging but the suggestions are:

1 - Contact the County Treasurer to get my money back, least the profit they made (unlikely), claiming the information was incorrect.

2 - Try to sell to the neighbor at discount.

3 - Get a LOC on the land to invest elsewhere. Is it possible to get HELOC from land?

4 - Have my realtor try to sell it at discount.

5 - Contact "cash-for-land" companies...but I guess unlikely to get $62K with them?

Any other ideas?

What's special about loopnet and redfin vs. zillow/trulia/etc. to sell the land?

The tax owned on it were $2.5K only...!!! So they made a lot of profit...but they are giving it back to the previous owner right?

Marie: It was 62K.

Annunciata: the zoning map on their site shows it is residential (and it still does). But the general plan says different. That's why I went to the city to verify with a zoning expert who told me it is residential. I assumed she knew the general plan, but obviously she didn't.

A rezoning application is $15K, and I was told there would be very little chance it happens because the neighbors would fight it like hell, and the city officials are also elected by them.

There is a chance to rezone it....but it would have to be with by the person who has architect plans and wants to live there. I bought it just to flip it. Now I am stuck with it. I am trying to sell it with an agent without success. Any other ideas to sell it: **********? eBay? Other?

I just posted an update here. This is a nightmare....any help is welcome on how to proceed!

http://www.biggerpockets.com/forums/51/topics/122914-can-i-get-my-money-back-after-tax-deed-auction