Help Me Please

I am in the process of buying a house in GA and the current owner (a friend) also owns the tax lien for the adjacent lot, which he will also be selling to me. I am curious...can I do anything with that lot while I own the lien but not the property? I am not talking about building a structure, but I do want to use some of the space for paved off-street parking and a wheelchair ramp to access the house? I am assuming I can, but can't find anything about it.

Any help you can give would be great!!!

Comments(3)

  • investinarizona10th March, 2004

    You will not be able to do anything with the adjacent lot, legally. Owning the tax lien is not the same as owning a deed to the property. However if you don't think anyone is going to make an issue about your use and you want to take the risks involved, go ahead do as you want, but again you are subject to the risks, talk to an attorney.

  • active_re_investor10th March, 2004

    The tax lien does not transfer the legal title to the property.

    If you make improvements you are trespassing and could be responsible for putting the lot back to the way you found it.

    Will anyone ask or care? Maybe not. Legally you have no rights until you foreclose on the lien.

    John

  • RonaldStarr10th March, 2004

    wishiknew-----------------

    I agree with the earlier postings.

    I suggest you attempt to contact the owner of the property. Propose to either buy the property--cheap--or ask for permission to use part of his proeprty to help you out. Get in writing any agreement you come to, written by an attorney familiar with real estate law.

    If the owner seems to be dead, try to find locate heirs. If you can't find heirs and the owner is dead, check the local probate court to see if their is a probate case filed. If not, you are likely to have no problem with using the property prior to obtaining ownership with a tax deed.

    Good Investing*****Ron Starr**********

Add Comment

Login To Comment