Tax Defaulted Properties

Is there any legality issues with contacting the owner of a property prior to an auction and making a deal with them to pay there debts and buying the property from them?

Comments(5)

  • lake221713th March, 2004

    I found my own answer.
    In the bay area I would not be able to pre pay the defaulted taxes to avoid the auction.

  • myfrogger13th March, 2004

    If you can close on the property before the auction you can stop the auction.

    You can also pay off the taxes for the homeowner as a recorded mortgage on the property to stop the auction. Later you can close on the property and get your money back.

    These are the two easiest ways that I can think of off the top of my head.

  • lake221713th March, 2004

    Thanks, I must have misunderstood the county tax collectors website. It indicated that upcoming auctions with properties listed could not be purchased prior to auction. Is there something Im missing?

  • bml13th March, 2004

    Hi Lake,

    I think that means that you cannot purchase the property from the "tax collector himself" before the auction You have to bid to get it. But, I don't think there is a problem with making a deal with the homeowner to pay off his taxes before the property goes to auction. The homeowner has until a certain time the day before the auction to pay the bill and keep the house/land etc...
    Breanna

  • lake221713th March, 2004

    Thanks Breanna

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