Question

HOW DO I GET A LIST OF HOUSES TO BUY FOR BACK TAXES OWED ON THEM?

BUY A HOUSE ONLY PAYING THE BACK TAXES ONB IT AND ITS YOURS TO KEEP BTW I AM IN OHIO

5 years ago - 5 answers

Best Answer

Chosen by Asker

There are tax lien states and tax deed states. Any tax lien wipes our any mortgage on the property. The only lien that is not wiped out by a tax lien is an IRS lien.

If the property owner brings the taxes current the county will charge them interest which is yours plus the amount you invested in the tax lien itself.

The tax lien state will sell you a tax lien of those that owe back taxes. After a certain period of time if the person fail to bring the taxes current you get possession of the property.

In a tax deed state you would have to wait for the tax sale. At this tax sale the highest bidder is awarded the property. Again if there is a mortgage on the property and the mortgage company does not step forward and pay the taxes then the mortgage is wipe clean.

You have to find out if your state is a tax deed state or a tax lien state.

I hope this has been of some use to you, good luck.

"FIGHT ON"

5 years ago

Other Answers

That line is so misleading.

The counties will auction off properties to pay for back taxes. They county will have a list. You normally pay much more than just the back taxes.

by Tim - 5 years ago

Step 1. Get the address of the home. Step 2. Call the county (in which the homes sits) assessor's office and get the parcel number for the home. 3. Call the county treasurer with the parcel number and they will tell you the back taxes owed. Good luck!

Source(s)

by Gabrielle A - 5 years ago

This is a false premise... the only way to buy a house for just the back taxes is if the homeowner owes NOTHING on the property to a mortgage company. What you're REALLY doing is buying the right to collect on those taxes in most states. You are allowed to charge interest too. Buying a house for unpaid back taxes does not wipe out the bank's first interest in the property. THEY own the house, you don't. However, if there is no bank involved, then yes, you can repossess the house in its entirety if the owner of the house doesn't pay the taxes due within a specified amout of time. But quite often, for a home with 100% equity, the homeowner can just get an equity loan to pay the taxes off before the house becomes yours.

That whole TV ad is a SCAM for you to BUY their program. If it was so easy, they'd be doing it themselves all day long and not selling tapes or CD's. Don't fall into that trap.

by HelpMeEscrowStuff - 5 years ago

those are probably houses that will be listed for county sheriiff's sale, but they may also have mortgages and other liens on them, probably sold as-is - may be vacant for a long time, major structural problems - start with county sherriff's office

by Doctor Deth - 5 years ago