10-28-2008, 08:32 AM
The list was in the paper again today over 200 of them of which more than 40 in HPP. Looking at it again I see that some of the people haven't paid tax for the last 15 years.
I know nothing about these sales or real estate in general. If 3K is owing on a property and someone puts in a winning bid of 10K who gets the extra 7K - the owner or the county? I ask because I assume it's the owner and the county just wants their taxes.
There could be some huge bargains there if anyone has any money left. 3 acre lots in Puna possibly going for 3K if the bids don't go above the tax owed. This surely has to have a very negative effect on land prices for a while to come.
Any thoughts?
I know nothing about these sales or real estate in general. If 3K is owing on a property and someone puts in a winning bid of 10K who gets the extra 7K - the owner or the county? I ask because I assume it's the owner and the county just wants their taxes.
There could be some huge bargains there if anyone has any money left. 3 acre lots in Puna possibly going for 3K if the bids don't go above the tax owed. This surely has to have a very negative effect on land prices for a while to come.
Any thoughts?