The property is located in Pennsylvania, I found out for a fact if my $100 opening bid is accepted, all back taxes (6 yrs) are waived. All other leins stay. I may have to bid against others at this sale, increasing the price.
I had a full title search done. He said to his surprise it’s free and clear, other than taxes. He also confirmed the taxes are wipe clean at this sale. The problem is he said I’d still need the owners to sign a deed to get clear title, or even for me to record a deed in my name. I said, whats the dif if I would have just approached them to sell it to me". He said no back taxes paid/due by the owner.
Why would any owner sign it? He said offer them money to sign deed. He said the only other way to gain title in my name is to do an “action to quite title”, if my bid wins, which he thought would be $2500 in atty fees. The owners are sep or devorsed, at one time he said “I’d burn it before she gets a penny”, approaching them is a waste of time.
I have no intent to build or need clear title since it’s just land behind my house, I’d like to fill in some and put up a pavilion.
I still need legal ownership so it’s not taken from me after improved, plus I’d like to be able to convey it, when I sell my house. Even if it’s not 100% clear, it still has value undevelopable.
Realistically it has a market value of 20k for the land w/run down house, where someone could raze and build new.
If I bid (winning) on a property at tax sale that has liens, can they collect against other assets I own?
This sale will occur when they (Courthouse) has enough to advertise. They said the 6 years in back taxes are waived, but the liens stay with the property. Someone said they would have to go through the expense of foreclosing on me.
Posted by Bill H on February 11, 2007 at 17:46:56:
What state are we talking about? Where is the property located?
Taxes are the most superior lien against property and take precedence over all other liens. All others normally will be wiped from title.
There are exceptions. Some taxing jusrisdictions do not participate with others in tax sales and so their liens would remain. IE., if a county is selling for taxes and the city does not participate, then the city taxes would remain a lien and have to be taken care of.
I know of no tax agency that will waive taxes…how can they say I waive them for this property and not for all properties under their jurisdiction. Means they would collect no taxes at all and have no revenue to operate on. Does not make sense. Most taxing agencies will work with your, if you are the owner, on a work out basis or payment plan…but not forgive or waive the taxes.
If you are buying a tax lien, depending on where the property is located, then yes you may have to go through the foreclosure process to get the property deeded to you after any redemption period.
If you are certain tax deed states the same will apply, in others, no, you own it as soon as you get the deed.
So you see Jim, we cannot answer your questons without information.
What you are in general asking is like “How high is UP?” In reference to how low is down. Give us more info and we will try to help you.