Advise Please!
Advise please! I'm in Ohio and looking at a forcloseure that appears to have no mortgage but does have a Federal Tax Lien of half the value of the house. My question is how did the house go into foreclosure and will the tax lien pose a BIG problem. Is it a good idea to bid on it. We are looking to buy a house after my husbands retirement and want one we can fix up.
Thanks
:-?
Sherron:
If the house is paid off, there is a slim chance you will steal it for what is owed in taxes.. These things seem to some how get paid off at the 11th hour...
You could follow-up though and see what happens.
I would recommend you start sending letters out to "Absentee" owners in your area in an attempt to purchase their rental properties. You can get this information from a title company.
Best Riches,
Jeff Adam
_________________
"Capture Motivated Sellers Automatically"[ Edited by JeffreyAdam on Date 11/07/2004 ]