Posted on: 20th Feb, 2010 09:44 am
We bought two foreclosed homes in Detroit not realizing there were delinquent taxes owed for a total of $8000. We would like to sell the house for just the taxes plus $1000 how do you recommend doing that without incurring a great deal of expense in legal/title fees? The individual who wants to buy these houses would like to pay us in monthly payments using a land contract. We would like to just sell them the houses outright and let them pay off the taxes through a payment plan with the city/county.
Hi Luna,
You can sell off the property to the buyer with the help of a quit claim deed. However, if they do not pay the taxes to the city/county, then the authorities may sell off the property at a tax sale. However, you should contact a real estate attorney in this regard and then take the right decision.
You can sell off the property to the buyer with the help of a quit claim deed. However, if they do not pay the taxes to the city/county, then the authorities may sell off the property at a tax sale. However, you should contact a real estate attorney in this regard and then take the right decision.