I don't know what forum to post this question in for sure, I am trying to get all of the possible legal options for aquiring this property.
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On 2004-06-06 23:53, memenpop wrote:
Hi All,
I am very new to tax liens and am not really interested in investing in them for a living. So here is my story. Can anyone help?
My parents and grandparents each bought 20 acres of land in Oklahoma adjoining each other and fenced it together. My grandparents ended up selling because of medical problems and the property being very rural. The buyer moved to another state and filed bankruptcy on the property. I am interested in aquiring the property because it ajoins that of my parents and is fenced in with it. The buyer says he can't sell it because he filed bankruptcy on it 3 years ago but the bank has never forclosed on the property so they can't sell it to me either.
Now I find out that a certain trust holds the tax lein certificate on the property and has since 2000 or 2001. So far they have not done anything to get the deed to the property because the treasurer says the taxes can still be redeemed and that the trust has not taken any action on this property yet.
Is it possible to buy the tax lien from this trust and then forclose on the property my self :-?
I am totally confused about all of this and I would just like to have the property back in our family. I believe that this trust who holds the lien doesn't really want the property it is mostly wooded with no improvements and 15 miles (about 8 of that being dirt roads) from the closest town. but if its possible to buy the lien from them I don't have any idea how to approach them or what to do with the lien if they did sell it.
Any help with this matter would be appreciated
memenpop
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[quote]
On 2004-06-07 13:34, memenpop wrote:
Thank you all for your quick replies.
The bankrupcy was discharged in may of 2001 and the stay was lifted on the
property in June of 2001. I believe that the tax lien on the
property was sold at the october 2001 sale. so I am assuming that maybe the buyer forgot to include the tax debt in the bankruptcy.
The buyer is willing to sell the
property to me or even just deed it to me but doesn't know if it is his right since he supposedly let it go back in the bankruptcy. But the bank never foreclosed after the stay was lifted. So the
property is still in his name. This has also been verified by the bank. That they say they don't own the
property.
Thanks again
memenpop
These are my original posts to tax lien forum
Is it legal for the buyer who filed BK7 to sell or deed this
property to me since the bank never foreclosed or does anyone have any ideas on how I can get this
property now???????
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