I would love to talk with you more about this situation. I have many other questions that may be too long to post here. If you could, please contact me at (215) 669-0589.
Looking forward to hearing from you.
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
Unfortunately, this is common. There are a lot of properties out there that are way behind on their taxes. I just sold one last week where there was close to a $10K tax lien in addition to a water lien as well.
In any event, yes these properties are sold and settled all the time. If the property can clear title, than you are fine. Which means the sales price would need to be high enough where the closing costs can be paid in addition to the liens being paid off. If not, than the seller would need to bring cash to the table in order for the buyer to receive "clear title".
Distressed properties are in demand so typically the buyers are cash buyers and can settle fast. This is one of our specialties.
Check out one of our exclusive sites for investors - http://www.phillyinvestorhub.com .
Feel free to contact us if you are seeking realtor representation to get the highest price for the property and protection from the sharks that are out there ! We can be reached at email@example.com or through our site below.