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Tax Lien Investing Forum > Tax Lien Certificate Investing > General Tax Lien Investing Topics > how would u start the process of buying a house that has a tax lien?
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Author Topic: how would u start the process of buying a house that has a tax lien?  (Read 534 times)
sparkle21
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« on: December 03, 2008, 07:51:33 AM »
how would u start the process of buying a house that has a tax lien?
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jimbo
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« Reply #1 on: December 03, 2008, 08:23:09 AM »
Has the home a mortgage on it, or has it been taken by the town ,city or county for back taxes. If it has a mortgage outstanding, you could ask the bank if you can assume the mortgage, the transaction would then go through and you would pay the back taxes off at the closing.If the county or town has the property taken for back taxes, they are required to auction it off to the highest bidder.If the original owner wants to sell it, you can agree a price and then pay the tax lien at the closing. If this is just a regular sale, the tax lien is not a problem, it just has to be paid when the house is sold.
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Brent
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« Reply #2 on: December 03, 2008, 06:51:25 PM »
I agree with Jimbo.  Just be cautious and consult an attorney. 
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