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Tax Sale properties
#7
I've been watching the tax sales for a couple of years.
a) You are not prohibited from selling in the first year, but it is not advisable. Nor is making any improvements. The option for the original owner to buy it back transfers with the sale. If they do exercise the option they have to pay the sale price + 12% interest + anything else the new owner paid (ie: back road fees).
b) Having poured over the lists of sale properties, most are vacant land. It is not likely you are kicking anyone out of their home. (Illegal dwellings and squatters aside.)
c) To Tink's comment - treat it as you would any other property; check the neighborhood and walk the lot. For the upcoming sale I went through the list and eliminated most of the list based on area. That left only 9 I might be interested in. Those I looked up on the county's site and eliminated another (corner lot). Then my husband and I drove by all of the lots - what are the neighbors like, are there huge albezias? This eliminated another 4. For the remaining 4 we went to the County office to look at the title reports. (I should note here that we went through the same process for the last sale and did see an IRS lein on a property, but KJoe's comment should be heeded - they make no guarantees). I think two this go round had notes that the OA had officially filed for back fees. As to be expected - you would stop paying the OA before you stopped paying your taxes. The remaining 4 that we may be interested in -- they will be walked. ALWAYS walk a lot.
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Messages In This Thread
Tax Sale properties - by dreamoutloud - 03-22-2018, 08:55 AM
RE: Tax Sale properties - by Kapoho Joe - 03-22-2018, 09:12 AM
RE: Tax Sale properties - by PaulW - 03-22-2018, 09:19 AM
RE: Tax Sale properties - by kalakoa - 03-22-2018, 09:30 AM
RE: Tax Sale properties - by HereOnThePrimalEdge - 03-22-2018, 09:51 AM
RE: Tax Sale properties - by Tink - 03-22-2018, 10:37 AM
RE: Tax Sale properties - by SoCal_to_Hawaii - 03-22-2018, 02:39 PM
RE: Tax Sale properties - by Mimosa - 03-22-2018, 05:27 PM
RE: Tax Sale properties - by leilanidude - 03-23-2018, 12:52 AM
RE: Tax Sale properties - by loffelkopffl - 03-23-2018, 01:58 AM
RE: Tax Sale properties - by randomq - 03-23-2018, 02:02 AM
RE: Tax Sale properties - by leilanidude - 03-23-2018, 03:46 AM
RE: Tax Sale properties - by leilanidude - 03-23-2018, 03:51 AM
RE: Tax Sale properties - by kalakoa - 03-23-2018, 04:00 AM
RE: Tax Sale properties - by Chas - 03-23-2018, 11:07 AM
RE: Tax Sale properties - by J Abrams - 03-23-2018, 12:40 PM
RE: Tax Sale properties - by Mimosa - 03-23-2018, 01:23 PM
RE: Tax Sale properties - by randomq - 03-24-2018, 02:29 AM
RE: Tax Sale properties - by Mimosa - 03-24-2018, 04:44 AM
RE: Tax Sale properties - by kalakoa - 03-24-2018, 04:46 AM
RE: Tax Sale properties - by MarkD - 03-24-2018, 05:07 AM
RE: Tax Sale properties - by Kapoho Joe - 03-24-2018, 06:12 AM
RE: Tax Sale properties - by Seeb - 03-24-2018, 06:56 AM
RE: Tax Sale properties - by HereOnThePrimalEdge - 03-24-2018, 07:43 AM
RE: Tax Sale properties - by leilanidude - 03-24-2018, 09:52 AM

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