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    daghters's Avatar
    daghters Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 1, 2009, 08:43 PM
    Real estate
    Can anyone help me is this true about tax properties that you can buy them for 100.00 or 300.00 what steps are taken in order to do this.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Apr 2, 2009, 06:09 AM

    Hello d:

    Nahhh, it's not true.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Apr 2, 2009, 06:15 AM

    It may be true, but it's a rarity. Counties do have tax sales of properties that are delinquent in their taxes. But the realities are that any properties that have a lien on them, the lienholder will pay the taxes before it goes to auction.

    At the auction there will be professionals that will bid up the property closer to market value.

    Basically anything you get at such low cost will be small, odd sized loots that you can't do anything with or homes that are in such a state of disrepair as to require a large investment to get habitable.
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