Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Real Estate Law (https://www.askmehelpdesk.com/forumdisplay.php?f=29)
-   -   Back property taxes (https://www.askmehelpdesk.com/showthread.php?t=627642)

  • Jan 14, 2012, 09:19 AM
    blpman
    Back taxes
    Tax buyer has filed for deed papers and I want to no how to stop him from getting deed.
  • Jan 14, 2012, 09:30 AM
    blpman
    Back property taxes
    I paid back taxes before to get my parents property current. They let taxes go past redemption time and I can't redem them. When I paid them last time I got a paper showing I have interest in property when tax buyer sent letter out saying he was going to file papers to start deed work I dindt get papers.I have been told I should have been sent papers to notify me this was going on.I think tax buyer did not follow proper steps when filing paper work is he at fault and how do I stop him.
  • Jan 14, 2012, 09:41 AM
    ScottGem
    First, we need to know your general locale as laws vary by area. But generally, just paying the tax bill does NOT get you an ownership interest in the property.

    Also, what do you mean by "tax buyer"?
  • Jan 14, 2012, 09:52 AM
    AK lawyer
    Quote:

    Originally Posted by blpman View Post
    ... When I paid them last time I got a paper showing I have interest in property when tax buyer sent letter out saying he was going to file papers to start deed work I dindt get papers.I have been told I should have been sent papers to notify me this was going on. ...

    Ok, so when you paid last time that may have given you some sort of a lien; but that lien would be junior to the current "tax buyer"'s interest in the property. If, as you have been told, you should have been notified of your rights as a junior lienor at the time the current buyer started his "deed work", you need to find out what that notice would have said. It may be that you have your own right of redemption.

    If so, your right of redemption will end in a certain period after he sent you whatever notice he should have sent you. I suspect he will be recording a document reciting that he sent the notice to all junior lienors. It may be that he missed your lien, if you do in fact have one. Did you record the receipt paper you got last time?
  • Jan 14, 2012, 05:40 PM
    Fr_Chuck
    What happens it appears in your area, is that when sold for taxes they do not get the deed at that time ( many places do)
    But they will get a tax certificate with means they have a lien on the taxes of the property and are buying it. The only way to get it back is to pay the redemption price during a certain period. After that period, they just have to turn that certificate in for the tax deed and they are the owners.

    So if you let it go back the redemption period, there is nothing you can do, unless the buyer will make a deal with you, to sell it to you for a price.

    The redemption is normally what they paid plus 10 or 12 percent ( per year) most buyers are glad to sell it back and make 10 percent on their investment. I buy many properties hoping the people will redeem them. Fastest way to make 10 percent on your money in a few months or a year.

    He may ask for a slightly higher price to make more profit, but it would be worth it.

    If not, he will be the owner.

  • All times are GMT -7. The time now is 07:43 AM.