I Want to Buy a House For Back Taxes – Whats the Best Way?
If you want to buy a house for back taxes, there’s never been a better time than the present. Here’s a step-by-step guide showing you how to buy a house for back taxes without attending the auction, and for as cheaply as possible. 1. Wait until after the tax sale, and then check the results. Everyone and his brother wants to buy a house for back taxes these days, and they all end up at the auction. Do yourself a favor, and skip the auction. Once it’s passed, check the results and see which properties were “hot” and got a lot of bids. The ones that didn’t are likely worthless. 2. Contact the owners of the property about nine months after tax sale. They’re give a year grace period, and during that time, many of them will pay the taxes off. The ones that don’t are in a pickle – they either need to sell fast, or they will lose their equity entirely. 3. Find out what their plan is. Some will be ready to sell at this point. Others have already decided to just “let the property go” and have m
