There is a house I'm looking at, a little "fixer-upper".. But either way I thought when buying on back taxes - you purchased the house for taxes owed on it? Someone just told me that isn't true (really don't know if they know for sure though), they said that the house is appraised and you purchase it for the appraised amount.
Any one have experience?
**I'll be speaking with my attorney next week..
Asked by Anonymous at 8:09 PM on Oct. 23, 2013 in Home & Garden
If the home is owned out right and the only thing that is owed is the tax lien, then you will pay the tax lein. If there was a mortgage on the house, then you will be paying for the tax lein, the mortgage, and anything that was behind on the mortgage. You can find out more about buying a home for back taxes- http://www.ehow.com/how_2157257_purchase-home-back-taxes.html
Answer by JeremysMom at 8:32 PM on Oct. 23, 2013
Answer by Dardenella at 8:54 PM on Oct. 23, 2013
Here's a link to how it works in California. http://homeguides.sfgate.com/buy-tax-lien-property-california-52715.html Your state may have a different process.
Answer by gdiamante at 12:22 AM on Oct. 24, 2013
Answer by decor42 at 7:00 PM on Nov. 20, 2013
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