Property Taxes Not Being Paid!!

hi all

i have found several vacant or distressed homes while farming the neighborhood. i then check to see if anyone is paying property taxes. a few have not been paid for months. i then send out letters to the owners to see if they want to sell. i get no response, what is my next step? who do i contact? who do i pay to take over the house? one or two say TAX LEIN SOLD what does this mean. i dont know where to go for answers confused

amynewbie mad

Comments(7)

  • amynewbie16th November, 2003

    anyone in this forum have any idea???

    or is this the wrong forum?

    amynewbie

  • JohnMerchant16th November, 2003

    Suggest you carefully read Article (#6 right this minute) re "Quickest Course", as it shows how one "Flipper" is doing this very well.

    It's just a matter of numbers-some are gonna respond, some aren't, and if one does enough in the manner suggested, how could it fail?

    Good luck & let us know your success here.

  • amynewbie16th November, 2003

    thank you john for taking the time to respond.

    was indeed a great article.

    amynewbie

  • 16th November, 2003

    If I'm not mistaken, New York is what's known as a "Certificate" state. Basically, all you should need to do is contact the county treasurer's office (going there in person is a good idea), give them the address or the tax parcel number (they may refer to them by other names), see if, in fact, the tax lein certificate is available for purchase, and buy it. Afterwards, if there's a redemption period, you'll have to wait for it to expire, then generally all you'll need to do is foreclose on the certificate, thus giving you ownership of the property in question. You should check with the Treasurer's office about how to proceed in a foreclosure situation, as the proceedure varies from state to state, as well as county to county. Hope this helps.

  • amynewbie16th November, 2003

    thank you ed

    amynewbie

  • suthern19th November, 2003

    I share Junior Investor's interest and would like to know where to find article #6.

    I am new at this. Bought my first certificate 2/mos ago and am looking to buy more but would like to be more knowledgable.

  • amynewbie19th November, 2003

    hi suthern

    go to the top of the page, click on articles, then click archives, then click november. scroll down and click on " The quickest flip/wholesale course"

    that is what he meant by article 6

    amynewbie.

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