How does one go about buying a tax license property, and does one need a lawyer for such a purchase? I have so many questions about this..
How does one go about buying a tax license property, and does one need a lawyer for such a purchase? I have so many questions about this..
Would like to own my own place but don't have much saved up. I hear it's possible to buy a property for just back taxes. Trying to determine if this is sensible, and would like Dave or someone he trusts to help us if we go that route and we need a lawyer.
AI Answer
Buying a tax-delinquent property is possible, but it’s not as simple or cheap as it sounds. Most counties sell either tax liens (you earn interest, not the house) or tax deeds (you buy the property, often with serious risks). You’ll need cash, patience, and due diligence—titles, other liens, condition, and redemption rights can wipe out a “deal.” A lawyer isn’t required, but strongly recommended for first-timers.
Bottom line: it can work, but many beginners lose money without guidance.
Disclaimer: This is general information, not legal advice. A local real estate attorney should review the county process and any property before you bid.
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