Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.

If I get nervous about the 1st 2 options, I can just not record the new deed and its like I never bought the property at auction and at the point, Merry Christmas to the old owner, because I just paid his taxes.A few things to think about nonetheless.I agree with the advice you received in point #2 since you are not a borrower or mortgagor or guarantor on the mortgage, anything on the foreclosure should not go against you at the credit bureaus.I am not sure about what you are stating in point #3.

The owners called me expressing interests in selling after receiving direct mail.

I received some referrals from other real estate professionals that I still use to this day.

I received some referrals from other real estate professionals that I still use to this day.

And although I'm grateful to have found another lender to get it done, it cost me more money in points, a higher interest rate because of the current rate was higher than previous, and I had to buy another appraisal for $750.The response I received from one of the founders of the company states: "We are not able to refund any amounts at this time as the time of quality control has passed....

Buyer can get access to system from seller and make payments or seller can receive payments from buyer and make payments.  

The note from the first seller is only $88,600 so you have more than enough equity remaining to place it in second position which leaves $61,400 in equity on the new property or about 4%.The first seller continues to receive payments and has sufficient collateral to cover the note.