HelP!
Okay. Can someone tell me the best way to do this. A Lady is in the process of relocating out of state. She owes three years of back taxes (approximately $8100).
The house was appraised at $240,000 and she owes about $170,000. She is willing to sell it for what she owes on it (in other words, Seller Finance it).
Any Recommendations of the best way to go about it?
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whats the condition of the house?
whats the PITI ?
sounds like a great op. to get the dead for cheap. if you can come up with the money to cure the title.
[ Edited by krismallory on Date 05/12/2005 ]
Is renting an option? She could get a positive cash flow and pay off the taxes over a few years.
Can she sell it for $178,100?
Did she have a mortage? The bank typically takes out the taxes and places them in escrow so that this does not happen while they have an interest in the property.
John Locke (or one of his students) might show up too
Good Job !!! Go get another one!!
Thanks