Need Help Fast...Back Taxes Owed
My neighbor was telling me about a house down the street that owes back taxes (not sure how much). He said the house would be going up for auction. From some of the reading I have done, it seems that I could pay off the back taxes before the auction and the house is mine. Is this correct? Please help...
Thanks
Heidi
So if the person who posted the question pays off the back taxes and you say that it just means that the property wouldn't go auction and that the mortgage is still due, who is supposed to pay the mortgage, the original owner or the person who paid the taxes? Who owns the property once someone else has paid the back taxes? The payer or the original owner?
This only is the case when there isn't a mortgage on the property. If there's a mortgage you still need to settle up with the bank.
Who is the best person to contact to find out how much is owed back taxes/mortgage?
Thanks
Heidi
If you pay off the back taxes the house does not become yours, it just means that the taxes are now current and won't go to auction, if you buy the lien at auction then you could foreclose on the property after the alloted time has passed and nobody has redeemed the property.
For taxes due on any property contact the country treasurer. Goto netronline and it can direct you to contact info for your county.
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Tax Liens are my Gig
Sometimes I pass, sometimes I Bid...
Glenn[ Edited by GlennI on Date 11/10/2003 ]
The person who pays off the back taxes does not autonatically gets the house. If the person buys the tax lien at the auction, he or she may be able to foreclosed on the house after the redemption period as long as all the legal procedures are handled correctly. The person really need to talk to the owner of the property to find out what the situation is. The owner may be willing to sell it. The owner may be in pre-foreclosure. You don't know about these things until you talk to the owner.