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View Full Version : Real estate law


Levi Dodson
Oct 13, 2008, 06:18 AM
How do I find out where homes are that have back taxes owed on them? I want to buy a home that has back taxes owed on it.

ScottGem
Oct 13, 2008, 06:33 AM
You need to check with your local county clerk for when they do tax auctions.

You can't just find a house that has tax arrears and buy it. Generally such houses are sold at auctions.

Also if you think you will get a bargain by buying a house just by paying what's owed in taxes, that is highly unlikely. If there is a mortgage on the property, the lender is more likely to pay the taxes to protect their interest. If there is no mortgage, its likely the owner has abandoned the property and it will need a lot of repairs.

Even foreclosure auctions are no guarantee of getting a real bargain. An auction was held in Nassau Cty this weekend. One example given was a house that sold for $358K 2 years ago was auctioned for $317K.