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You can buy properties for the back taxes IF nobody else bids them up, which they usually do.

It's better to find the owners of properties that are about to be lost to tax sale, and contact them...

If you bought it 9 years ago, there may be title companies who will insure the title since it's been so long.

Otherwise you'll have to do a quiet title. I'm an experienced tax sale investor, and...

I believe that if the bank bid the full $380,000 at the sale, which is typical, you would not be liable for any deficiency. Though it would show on your credit as a foreclosure of course.

If the...

I agree with the other posters. But since both parties are dead it's possible you won't be able to track down all of the heirs.

In that case, your county might sell a lien on the property...

I assume you're talking about property tax liens. If so, it's a lot more complicated than that.

If there is a tax lien issued against the property now, somebody already owns the tax lien and...

New Jersey sells liens, not properties. The person who buys the lien must foreclose and then hey can do with the property as they wish.

But, it's a good idea to contact owners who are about to...

Most of the typical foreclosures will be on the MLS along with the other properties.

This happens to me all the time with tax sale properties.

Unfortunately you have to do an eviction in most areas, or take advantage of any ejectment policies that the sheriff has in place. DO NOT...

Here is a specific example.

My state sells tax liens with a one-year redemption period. Meaning that the owner loses the house after the lien is on the property for one year.

So I went and...

You could give your son a mortgage against the house in the amount you owe him. This could be considered full satisfaction of the current debt I believe, and he will now be a secured creditor...

Has the deed been recorded? If not, destroy the deed.

If so, I don't know if you could do anything. Some states allow a "disclaimer of interest" to be recorded but I don't know if that would...

In the US you can call a title company to do a title report for you. They will research who owns the property and tell you what, if any liens, exist against the property.

There must be an...

I can't answer it specifically about the state of Texas but I think usually taking a deposit does not commit the landlord to anything that isn't in writing. In fact I always take the deposit before...

I checked online and the building is indeed separated into 3 separate PIN numbers indicating that it's been split into condos.

So, the building can't be sold as a whole but only by individual...

You did not state whether you would get the deed now, and give him a mortgage, or leave the house in his name and sign a land contract.

If you're going to leave it in his name, and there is a...

I don't know if you are in the US as you've referred to attorneys by "solicitors", but here in the US the way I would do it is to have an attorney prepare a trust.

This is a lot simpler than it...

The abstract of title is a report that a specific company generates. For mortgage or purchase purposes the title company usually only goes back 30-50 years. You have to pay much more to trace back...

I'm familiar with Illinois and the process there takes a minimum of 6 months from this point, as it's a judicial foreclosure state. In addition, to foreclose your rights as a renter they will need...

Yes I used them in the Chicago area and they were quite good, though expensive. Are you searching large numbers of properties at a time? I have an automated tool for this that I used successfully...

It's impossible to answer your question without more details, such as whether this was a deposit for a sale contract or whether it was a down payment for an installment sale on which you hold the...

Outside of any tax issues involved, it's quite simple. Considering the fact that this would be for no consideration (I'm assuming), there should not even be transfer taxes.

You need to get a...

Something doesn't sound right about this. If the bank foreclosued, the IRS lien should have been wiped out. The IRS has a right of redemption for a short time (this means they could pay off the...

You can transfer the deed to your brother-in-law without paying the mortgage off. However you may trigger a due-on-sale clause which could allow the lender to accelerate the loan (demand immediate...

Selling a house as-is refers to the fact that the seller will do no repairs on the house and that no guarantees of home condition are made.

It has nothing to do with personal property like...

Though the mortgage company has made a mistake lifting the mortgage from your entire property instead of the portion they had intended, you still owe the money to them and they will probably be able...

One other thing you should consider if you put his name on title is to make yourselves "joint tenants". This means that when one of you passes away, the house goes to the other alone, with no...

I think the best way to buy property cheap is to find properties that are about to be lost to unpaid property taxes. You can do this by contacting owners of properties that are on a tax deed sale...

Abandoned houses can be the best properties to invest in, and often you'll find they are about to enter a tax sale foreclosure process if they have been left to sit long enough.

As the previous...

Yes, there is a company called Tax Title Services located in California who can insure title (albeit at a higher expense) for tax sale properties without a quiet title.
Just call (949) 798-1180.
...

I don't agree with Scott. While most properties in tax sale are run-down, many properties have or had mortgages that were wiped out or will be wiped out in the process. With the mortgage mess we...

I recently researched Michigan property tax sales and found that they are held once a year in each county, with dates scattered throughout the year. Interestingly, the properties have already been...

I've purchased many properties from owner who are about to lose them to delinquent taxes and I've purchased several mobile home/land combos. The mobile home as always come with it. Not positive...

I'm not sure the last poster's answer was what you were looking for. If you were talking about buying a property from a tax sale directly, then it was more on point.

Yes, using a quitclaim deed...

Actually $10,000 is enough to begin investing in tax sale property. Just not by buying tax liens or tax deeds as the infomercial says.

Instead, find properties that have already had a tax lien...