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    queen b's Avatar
    queen b Posts: 2, Reputation: 1
    New Member

    Jan 26, 2007, 03:02 PM
    Purchasing a home
    How do I purchase a very expensive home by paying the back taxes ONLY?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692

    Jan 26, 2007, 03:23 PM
    Be very lucky.

    It really does not happen, first if there is any "expensive" home most likely there is a lien (loan) on that home and they would pay the taxes to protect their loan and then foreclose on the home thierself.

    Next if there is an "expensive" home without a lien the home will be at auction, not just paying the back taxes, the bid starts at the taxes and goes as high as people are willing to bid.

    Next in most states the old owners have a period to buy the property back from who ever gets it at a tax sale.

    What happens at tax sales, the home with taxes owed are posted in the legal notice section. Each county normally has one sale a year.
    The person who owns them can pay their taxes up to the time of the sale.
    After the sale starts, the home is sold to the highest bidder.
    They normally require the payment to be made in cash or approved check at time of sale.

    So most of the homes you get are ones with the windows busted out, or where people die without anyone to inherit the property. And old property or empty lots.

    Normally you will not even find a nice home.
    queen b's Avatar
    queen b Posts: 2, Reputation: 1
    New Member

    Jan 26, 2007, 03:32 PM
    Quote Originally Posted by queen b
    How do I purchase a very expensive home by paying the back taxes ONLY?
    Thank you for your help. I was interested in purchasing a home in Scottsdale, AZ. They are very expensive homes. I guess I'd better keep looking, darn it!

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