Tax Deed Property Reselling Issues


Are the issue of tax deed properties ever occur in the transfer or resell of these type properties?

Comments(5)

  • amexem10th August, 2006

    have owned property for 8 years and now getting title insurance so as to sell, should we expect any difficulties.

  • amexem10th August, 2006

    Thanks

  • DaveT10th August, 2006

    Quote:Most buyers and their mortgagors will want title insurance, ...loon,

    Mortgagor = borrower; often the buyer, though could also be the owner in a refinance

    Mortgagee = lender

  • highlander12th August, 2006

    Taxes are handled differently per state.
    In Washington, RE sales are subject to an Excise Tax but not sales tax.
    Washington law requires builders of spec homes (or rehabs etc.) to pay sales taxes on ALL materials & labor going into the project.
    The builder (or Rehabber) is considered the end consumer and thus MUST pay State Sales Tax on supplies.

    If you get audited here and you have not payed proper sales taxes you are subject to 50% penalty and other fees or a Use tax.

  • LeaseOptionKing15th August, 2006

    www.trustetc.com
    [addsig]

Add Comment

Login To Comment