All Forum Posts by: Roy Oliphant

@Anastasia Jordan

Tax deeds are generally transferable so long as everyone knows the rights that are actually being transferred.  Of course, state rules apply and you need to know what those are for the specific property.  A transfer does not negate the redemption rights and rules and thus it may be possible but not proftble to transfer.

@Donnie M.

Be sure you understand the redemption risks and include a lien check in your due diligence.  City, sewer and fire liens can add up and may not have been cleared by the tax deed or may have accrued after that.  Also you should check to make sure taxes since 2010 have been paid.

PM me if you want to discuss specifics for this property.

@Wilson Tejeda

Check the Texas Real Estate Commission website.  They have Texas relevant forms for most situations.

@Scott Scharl

I assume you are serious and I wish you much success but really?

@Chance Housos

Please PM me on the Athens and Canton deals

@Michael Phillips

What is your strategy?  What help do you need?  BP is a great, big community and asking specific questions seem to get specific information where general questions get welcome responses. 

Map your walk and follow the path:

Goals -> Strategy -> Plan -> Action -> Goals

Good luck and Good Hunting!

@Lamar Norsworthy

What the seller paid for the property is important only in what it tells you about how you can shape the deal.  But it is nice to know that he has lots of room for you to negotiate and can still recover his investment.

Unpaid taxes MUST be calculated into your offer.  Since you want a title policy, they will need to be settled at/before closing.  Whether it comes out of his side or your side of the closing statement doesn't matter so long as you account for it as any other cost. 

There may be a time factor that helps motivate the seller due to the tax sale (i.e., if it goes to sale, they lose control).  Check with the jurisdictional rules regarding how quickly the property will go to sale once advertised and if there is any redemption allowed to understand the level of motivation.

@Jerry W.

I'm thinking that if the real owner shows up in Wyoming, getting arrested is probably the best outcome.

@Davido Davido

There is no way to 'break and enter' lawfully with the possible exception, in some jurisdictions, to allow for saving a life.  Also note that you do not have to break anything to 'Break and Enter' as it is about boundaries and permission not locks and doors.  That said, someone generally needs to prosecute to make it an issue.  If the property is truly abandoned through death without heirs who will be there to prosecute?  Of course, since in that case the property should legally escheat to the state; so by you taking it through AP you are stealing from everyone in the community.  There are legal ways to deal with abandoned properties that keep the community protected.  Someone taking it just because they can has no place in a modern society

@Candace A.

I believe that code says 10 years of publically holding the property or 10 years of publically paying the taxes; 10 years either way.  

@Patrick Desjardins

Interesting perspective that the one with the biggest risk is the buyer who put 20% down.

@Brion Russell

Goes on way more than we think.  First case I heard of was over 30 years ago when a friend of mine got a new neighbor.  3 months later comes home and they are packing to move.  Said the guy who rented them the house didn't own it and the real owner came by and found them living there and wouldn't let them stay.

There are some special laws in Alabama regarding adverse possession and property taxes but I assume this is not relevant in this case.