Can You Get The Deed
In Clark county Nevada: When a property has gone into tax default and an investor has bought the deed or tax certificated then my understanding is the only way to get the property back is to pay off the tax certificate.
So here is my question:
If Jane Suzy parcel gets a tax certificated attached to it, then jane suzy can only get it back by paying off the certificated.
Jane Suzy can't pay so I come in and help pay it off and in exchange she add me to title or deeds it to me. I then pay off the tax certificated and walk away with the property. Can this be done? or am I missin something?
Thanks
The best way is to contact the Clark County Tax assessor and ask how they handle the delinquent taxs there. Also, reat the state statutes on the same. You can find out much more area/county specific info doing this on your own. But, to answer your question...Yes, it is possible to wind up with the deed. Good luck!![ Edited by pejames on Date 01/14/2004 ]
scr2001------------------
Nope. NV is a deed state. There is no tax certificate. Once the property is scheduled for a tax auction and the legal notice of the auction is published in a newspaper, the right of redemption lapses. The property must be sold at the auction.
That is the state law anyway.
I have seen a couple of very nice houses scheduled for the Clark County tax sale that did not get to sale. I would surmise that one of two things occurred: the delinquent property owner was able to show the county treasurer's office that their tax sale procedure had an error and thus the treasurer had to cancel the sale of the property. Or else, the property owner filed for bankruptcy. Bankruptcy is very powerful and stops any foreclosure action, including that on a tax lien, although it does not prevent it from going forward sometime in the future.
I agree that you need to read the state law about tax sales if you are going to function in this arena. Also, for information about the local tax sales, contact the County Treasurer's offices, not the assessors' offices.
Good Investing*********Ron Starr*************
Ronald: Ok, maybe I missed something. I read on the clark county website that there is a 2 year right of redemtion. did I misunderstand it?
scr2001---------------
There is no right of redemption. There may be, as there is in CA, a statute of limitations on the former owner filing a lawsuit claiming that the sale was improperly conducted. Perhaps that is what they were referring to.
Also, there is a two-year period for the parties of interest to claim the excess proceeds in NV.
Good Investing*****Ron Starr**********