Coli real estate experts, quick question

[Boogie]

I just found this website for my county that shows property tax and transfer history. So if somebody behind on taxes that shyt become the buyer responsibility right?

 

[cyndaquil]

Yes

 

[invalid]

If the house is in foreclosure proceedings, I believe that all you have to do is pay the back taxes and it allows you to take possession of the house. But I believe there is a period of three years before you can claim ownership. I think the three years give the former owners time to come up with money if they want to keep the house. If they do, then they would have to pay you either the back taxes or the market value of the home. I can’t remember which one.

I’m going through something similar right now.

I have relatives that passed a few years ago and they had property in a few states. They have a will and gifted their properties to a few charities and a Jamaican orphan that they were benefactors of for many years.

Their son has not reported that they have died and is staying in one of their properties in another state. He also has not disclosed the contents of their will and still has possession of their bank accounts. Super illegal.

Anyway, he has not been paying taxes on their properties and they are now in foreclosure, at least the ones that he is not residing in.

I didn’t want to see someone come in and swoop up the properties, at least the ones here in my state, so I paid the back taxes and they are now technically in my possession. However, I don’t have full ownership yet. I believe there has to be a period of three years before the rightful owners can step up and claim the property (the charities and orphan). After three years, I will have full ownership.

It’s year two and I’m hoping he doesn’t disclose the contents of the will. He says he isn’t but for legal purposes I have no knowledge of it because it could appear to be collusion. If the charities find out that they are the rightful owners, and if they want the properties, they will have to pay me back the taxes or the fair market value of the house. Again, I’m not clear on that but that’s what a realtor (whose a family member) told me.

 

[Boogie]

Yes

Dead homies good look

 

[Boogie]

If the house is in foreclosure proceedings, I believe that all you have to do is pay the back taxes and it allows you to take possession of the house. But I believe there is a period of three years before you can claim ownership. I think the three years give the former owners time to come up with money if they want to keep the house. If they do, then they would have to pay you either the back taxes or the market value of the home. I can’t remember which one.

I’m going through something similar right now.

I have relatives that passed a few years ago and they had property in a few states. They have a will and gifted their properties to a few charities and a Jamaican orphan that they were benefactors of for many years.

Their son has not reported that they have died and is staying in one of their properties in another state. He also has not disclosed the contents of their will and still has possession of their bank accounts. Super illegal.

Anyway, he has not been paying taxes on their properties and they are now in foreclosure, at least the ones that he is not residing in.

I didn’t want to see someone come in and swoop up the properties, at least the ones here in my state, so I paid the back taxes and they are now technically in my possession. However, I don’t have full ownership yet. I believe there has to be a period of three years before the rightful owners can step up and claim the property (the charities and orphan). After three years, I will have full ownership.

It’s year two and I’m hoping he doesn’t disclose the contents of the will. He says he isn’t but for legal purposes I have no knowledge of it because it could appear to be collusion. If the charities find out that they are the rightful owners, and if they want the properties, they will have to pay me back the taxes or the fair market value of the house. Again, I’m not clear on that but that’s what a realtor (whose a family member) told me.

I ain’t buy a house yet but I’m looking.

I saw this nice ass house and was wondering why it was selling for low. It even dropped in price. I said fukk it and didn’t pay it no mind after that. Couple days later I see this article on Facebook about appraisals in Cleveland was increasing property value and people was worrying they couldn’t afford the tax. They had a link to this site where you could see tax history and ownership history.

I looked up every house I was interested in and that house from earlier is 22K behind in taxes

 

[R.E.N. Spells Ren]

I ain’t buy a house yet but I’m looking.

I saw this nice ass house and was wondering why it was selling for low. It even dropped in price. I said fukk it and didn’t pay it no mind after that. Couple days later I see this article on Facebook about appraisals in Cleveland was increasing property value and people was worrying they couldn’t afford the tax. They had a link to this site where you could see tax history and ownership history.

I looked up every house I was interested in and that house from earlier is 22K behind in taxes

If you do get to the point of putting in an offer, just make sure you have a good attorney. They will look into all that. Being 22k behind on taxes increases the likelihood that there’s other issues that you’ll want uncovered (such as them having a second mortgage on the house). These aren’t dealbreakers. You will just want to be sure you have a completely picture so your offer can take it all into account.

 

[SleezyBigSlim]

If the house is in foreclosure proceedings, I believe that all you have to do is pay the back taxes and it allows you to take possession of the house. But I believe there is a period of three years before you can claim ownership. I think the three years give the former owners time to come up with money if they want to keep the house. If they do, then they would have to pay you either the back taxes or the market value of the home. I can’t remember which one.

I’m going through something similar right now.

I have relatives that passed a few years ago and they had property in a few states. They have a will and gifted their properties to a few charities and a Jamaican orphan that they were benefactors of for many years.

Their son has not reported that they have died and is staying in one of their properties in another state. He also has not disclosed the contents of their will and still has possession of their bank accounts. Super illegal.

Anyway, he has not been paying taxes on their properties and they are now in foreclosure, at least the ones that he is not residing in.

I didn’t want to see someone come in and swoop up the properties, at least the ones here in my state, so I paid the back taxes and they are now technically in my possession. However, I don’t have full ownership yet. I believe there has to be a period of three years before the rightful owners can step up and claim the property (the charities and orphan). After three years, I will have full ownership.

It’s year two and I’m hoping he doesn’t disclose the contents of the will. He says he isn’t but for legal purposes I have no knowledge of it because it could appear to be collusion. If the charities find out that they are the rightful owners, and if they want the properties, they will have to pay me back the taxes or the fair market value of the house. Again, I’m not clear on that but that’s what a realtor (whose a family member) told me.

Good on you for paying those back taxes it's best the property is owed by you or someone in your family.