Posted on: 07th Mar, 2013 12:23 pm
if the owner of the property im interested in is in nursing home but her or none of her heirs are interested in the property, and the back taxes are getting ready to forclose on property how can i purchase this property for myself and have clear ownership? of this or is it even possible?
You can always aim at that property irrespective of whether it got foreclosed or not. I would suggset you to hire a real estate agent to do all these for you.
Hi Guest,
If the owner pays off the back taxes and any other liens attached to the property and then sells it to you, then you will own the property free and clear. But it will be better to take the opinion of an attorney before buying the property.
Thanks
If the owner pays off the back taxes and any other liens attached to the property and then sells it to you, then you will own the property free and clear. But it will be better to take the opinion of an attorney before buying the property.
Thanks
You can pay the back taxes off up to the day of the auction. As long as there is no mortgage, the owners just need to sign a deed. I would also have all the heirs sign a quitclaim deed in case they try to argue incapacity later. A title company can handle the details for you at less cost than a realtor, or just do the deeds yourself. Make sure they are notarized and file them with the local county recorder's office.
