Posted by Tom BB (GA) on December 05, 2008 at 13:03:59:
In GA, the purchaser of the tax deed has no rights as far as possession until the redemption period ends. Currently 1 yr. The holder of the tax deed then must foreclose to receive title to the property.
Also there are certain types of liens that will survive the tax deed foreclosure and become the responibility of the new owner.
Tax liens - Posted by Wayne
Posted by Wayne on December 02, 2008 at 09:20:09:
I understand that it might not be the best scenario, but is it legal to put a sales contract out on a property for which you own the tax lien if you do not yet own the property?
Re: Tax liens - Posted by jeremy s
Posted by jeremy s on January 01, 2009 at 10:42:17:
the answer would be NO. You have no right to the property until it is sold or refiananced
Re: Tax liens - Posted by Bill H
Posted by Bill H on December 03, 2008 at 11:03:08:
Simple answer is NO. It can be more complicated. If you mean you bought a tax deed, subject to redemption, and have the deed then you can do whatever you wish with the property subject to the right of redemption.
To futther explain…If you got the deed. The property is yours.
If there is a right of redemption…someone else has the right to step up and redeem.
Yes, you could possibly sell it, if you can find a big enough fool to buy it subject to the redemption rights.
SO, do you OWn a tax lien, with NO ownership rights…OR…do you have a deed with rights of redemption.
Good Luck,
Bill H
Re: Tax liens - Posted by Tom BB (GA)
Posted by Tom BB (GA) on December 02, 2008 at 10:56:53:
I am not an attorney.
In general a tax lien gives you no right to the property in question until you have gone through the foreclosure process.
Think of it like this. Does your bank have the right to sell your house because they have a mortgage on it? Of course not.