Posted on: 30th Oct, 2009 09:22 am
Hi all,
I found an property in Cleveland with a sold tax lien ($17,000) on it.
Now my question:
I will buy this property for $53,000 with seller financing, the title shall transfered to me, now says the agent from the owner I must pay these lien off before.
Is this law in Ohio? I know only if I buy a property all back taxes, mortgages and liens assumed automatic from buyer.
Thanks for reply.
I found an property in Cleveland with a sold tax lien ($17,000) on it.
Now my question:
I will buy this property for $53,000 with seller financing, the title shall transfered to me, now says the agent from the owner I must pay these lien off before.
Is this law in Ohio? I know only if I buy a property all back taxes, mortgages and liens assumed automatic from buyer.
Thanks for reply.
Hi siegert,
It is true that as a buyer you would be responsible for the back taxes, mortgage and other liens on the property. However, I don't think you will have to pay it before you purchase the property. You can contact an Ohio based lawyer and take his opinion in this regard.
Thanks
It is true that as a buyer you would be responsible for the back taxes, mortgage and other liens on the property. However, I don't think you will have to pay it before you purchase the property. You can contact an Ohio based lawyer and take his opinion in this regard.
Thanks
Thanks jameshoqq,
Your reply was helpfull. I called today with the county deputy treasurer and he told me the same. Then I called the lien buyer, one staff of them, and it is possible to pay off this lien with an payment plan. So I see no problem now, I hope the propertie owner too ;).
Your reply was helpfull. I called today with the county deputy treasurer and he told me the same. Then I called the lien buyer, one staff of them, and it is possible to pay off this lien with an payment plan. So I see no problem now, I hope the propertie owner too ;).