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    jackiehaddlesey's Avatar
    jackiehaddlesey Posts: 1, Reputation: 1
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    #1

    Jan 12, 2009, 09:41 AM
    Property purchased for unpaid taxes
    If I purchase a property for unpaid taxes and there is an outstanding mortgage on the property who is responsible for it? Can anyone come back on me for it?
    Thanks jackie
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Jan 12, 2009, 10:10 AM

    Hi; you may want to indicate in what state you reside because the law varies.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #3

    Jan 12, 2009, 10:16 AM

    I live in Ontario Canada, the laws may vary but the basically finances are the same. Although buying a property for unpaid taxes may sound very attractive, if there is a lien on the property, someone has to pay it, so you don't get something for nothing, if you know what I mean. I looked into that years ago and found that that type of transaction is not all that attractive after you consider the property has to be searched for attachments that haven't been disbursed and for that a lawyer has to hired, more money, and a survey must be done, more money.

    All I wanted was a lovely little cottage by the lake which had been supposedly abandoned with back taxes owing. Mmmmm, not entirely true.
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