You need to determine the value of the property if it were to be sold. That is generally more than the taxes that you paid. If the value is high enough you should pay and foreclose ASAP. You can write a letter to the owner stating that you purchased a tax lien and that there is a limited time for them to redeem, and it is your intention to foreclose on it as soon as possible. I always suggest they contact the County Treasurer for redemption info.
Property tax liens may not show up on credit reports as they are recorded against the property, and "run with the land" (i.e., if you buy a property with a tax lien which somehow gets overlooked in closing, you the new owner are now responsible for it, not the old owner).
If worse comes to worse, ditch it on eBay. Read the message on the Jacksonville cert sold on eBay in this forum. There are fools with more money than sense and you might be able to help them part with some of their excess cash.
When you buy it at tax sale you will be able own it. That is if the property is auctioned at tax sale. Not certificates. It wipes out other debts and that is the way it is in many states. That is why they have a redemption period in some states so the owners have a final chance to keep their property. Check with the county where the tax sale would be held, they will inform you what the law is about owning it for your state. Even if you have to go to court to get it , it is usually not a super expensive case in court.
"Keep in mind, when a property is sold at a tax sale, all liens are erased once foreclosure is completed, this includes mortgages, liens, and federal tax liens. However, these interest holders are entitled to redeem the property within 12-months of the tax sale (sale of property). It is strongly suggested that all buyers go to see the property in person, review the warranty deed, and review the mapping located in the Tax Assessors Office. "
I found this page it should answer ALL your questions.
Georgia has a law that the courts cannot interfere with property in probate.
This owner has died.
Buying the property at a tax sale will not give me a clear title.
Have you tried locating the heirs and contacting them? You may not get a tax sale price, but I doubt they want to be saddled with an abandoned lot when they can be rid of it to someone with interest in the land. Plus if you buy from them you should have clear title.
You need to determine the value of the property if it were to be sold. That is generally more than the taxes that you paid. If the value is high enough you should pay and foreclose ASAP. You can write a letter to the owner stating that you purchased a tax lien and that there is a limited time for them to redeem, and it is your intention to foreclose on it as soon as possible. I always suggest they contact the County Treasurer for redemption info.
all lien should, money owed, means they havent taken action yet, so i would say no. Heard it can take a couple of years
Property tax liens may not show up on credit reports as they are recorded against the property, and "run with the land" (i.e., if you buy a property with a tax lien which somehow gets overlooked in closing, you the new owner are now responsible for it, not the old owner).
If worse comes to worse, ditch it on eBay. Read the message on the Jacksonville cert sold on eBay in this forum. There are fools with more money than sense and you might be able to help them part with some of their excess cash.
When you buy it at tax sale you will be able own it. That is if the property is auctioned at tax sale. Not certificates. It wipes out other debts and that is the way it is in many states. That is why they have a redemption period in some states so the owners have a final chance to keep their property. Check with the county where the tax sale would be held, they will inform you what the law is about owning it for your state. Even if you have to go to court to get it , it is usually not a super expensive case in court.
"Keep in mind, when a property is sold at a tax sale, all liens are erased once foreclosure is completed, this includes mortgages, liens, and federal tax liens. However, these interest holders are entitled to redeem the property within 12-months of the tax sale (sale of property). It is strongly suggested that all buyers go to see the property in person, review the warranty deed, and review the mapping located in the Tax Assessors Office. "
I found this page it should answer ALL your questions.
http://www.co.gwinnett.ga.us/cgi-bin/gwincty/egov/ep/gcbrowse.do?channelId=-536882273&channelPage=%2Fep%2Fchannel%2Fdefault.jsp&pageTypeId=536880236
Georgia has a law that the courts cannot interfere with property in probate.
This owner has died.
Buying the property at a tax sale will not give me a clear title.
Here is a page for your county.
https://dklbweb.dekalbga.org/taxcommissioner/TaxSaleGeneralInformation.htm
Have you tried locating the heirs and contacting them? You may not get a tax sale price, but I doubt they want to be saddled with an abandoned lot when they can be rid of it to someone with interest in the land. Plus if you buy from them you should have clear title.