What is the best course of action from someone who has been in this situation?

If the sale was by a quit claim deed, or almost any other deed other than warranty deed, then depending on if any other documents were signed by seller regarding liability for “back taxes” he may not be responsible.Since as to the taxing authority the taxes stay with the property, if you or someone doesn’t pay them, and assuming no mistake was made as to their status, then your property is subject to any and all relief available to the taxing authority, including lawsuit, lien, or foreclosure action.

The seller will be assigning his interest in the contract for $40,000 to be paid by the buyer at closing simultaneously with the closing of the property.Since the closing was never assigned and after a month of trying to reach the seller they let me know all business between them and I is done , WHAT AM I HELD RESPONSIBLE for at this point, and what actions should I start to take?

@Joshua Roat Great mentality, just need to keep up that action side of things.Good luck

You can definitely achieve financial freedom in 5 years, but it will take massive daily action.

I love the house and went through so much to get to this point, any suggestions would be really helpful.I don’t mind spending the time to apply but since i don’t have a ton of time i just want to make sure I am taking the right course of action that results in getting the house.

Is there any action to be taken against closing attorney, seller & buyer agent?

I am not from SE Michigan, I am on the West side, but in the meantime, continue to save money, educate on RE, then most importantly take action!

Below you will find a list of my activities over the past 6 months as well as my intended actions for the next 6 months.

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.