Ask Experts Questions for FREE Help!
Answer   ||    Advanced Search    ||    Help
Ask your question or search...
Login with Facebook
User Name 
Password 
Forgot password? 

Want to become a member? It's free and once you join you can ask and answer questions. Join Now!

Home > Money & Services > Real Estate   »   Paying the Back Taxes on a house instead of buying it

Question
 
 
#1  
Old Jan 23, 2007, 06:40 AM
Griewe
New Member
Griewe is offline
 
Join Date: Jan 2007
Posts: 1
Griewe See this member's comment history on his/her Profile page.
Paying the Back Taxes on a house instead of buying it

[F]Hi my name is Tina from Missouri,

My husband and I are looking to buy a house and I know there is a way that we can pay the back taxes on a house instead of the price they are selling it at. Where do I start, and what do I do. I have no clue where to look or who to talk to and if there are any in the area I am looking at to live.

Thanks,
Tina
[/font]

Reply With Quote
 
     

Answers
 
 
Old Jan 23, 2007, 06:18 PM   #2  
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Georgia
Posts: 40,326
Fr_Chuck has disabled reputation
Hello, you don't really "just pay the back taxes" what you do is go to the county ( government) auction where the county tax dept sells the property at auction. The bid starts at the tax due. So you bid against other bidders for the home. If you are the high bidder, you go into the court house and pay for the home. I think in MO ( but not sure) you get a reciept TAX Certificate, it gives you right to the home after a certain period of time ( 1 or 2 years) if the past owner does not buy it back during that period of time (plus interest) then you turn that certificate back in for a special deed from the county.

There are some states that give you deed at the time of the sale. I beleive MO has a period of time for redemption.

but if you go down to the county tax dept they can give you the detail.

Each county normally has a sale about once a year. They advertise them in the legal sections of news papers.

Now don't expect to get a 300,000 home for 1000, that just does not happen but you can get some deals
  Reply With Quote
 
     

Answer this question

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Ask your question or search...

 




Similar Threads
Paying Cash for a House...?
(12 replies)
H1B paying taxes on W2 and 1099
(2 replies)
Paying Cash for a House...?
(1 replies)
paying taxes on inherited annuity
(1 replies)
H1B, employer not paying withheld income taxes
(3 replies)


Bookmarks and Sharing
bookmark twitter facebook

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Search this Thread

Advanced Search




Copyright ©2003 - 2010 - Advizo, LLC
All times are GMT -8. The time now is 04:36 AM.