Posts

Foreclosure & Taxes Owed

JeanWard profile photo
  • Saturday, September 20, 2003 @ 03:43 PM EDT
  • 2 Comments
Hi, I have a seller who's home is, in the process of being foreclosed on and seller wants out of the home before the foreclosure goes into affect. The owner is 2-payments behind on mortgage & owes property taxes on home as well. I do have a tenant-buyer to L/O the home to. Who is responsible to pay the back taxes owed. Please creative one's advise. ;)
  • (2) Comments
  • Score(0)

Comments(0)

  • DaveREI
    DaveREI20th September, 2003
    0
    Reply

    you step up and make the back pays on lets say sub2.... get control of property... l/o it out.

    there may be penalties due also which can skyrocket the amount of back pay due....

  • JeanWard
    JeanWard20th September, 2003
    0
    Reply

    So, Davere-Rookie Investor, How soon would the taxes on the property need to be paid, is it before I L/O to my tenant buyer or after.

    Thanks Again for the good advise ,
    Jean

Please Sign In to Comment.