Home Buying in Westminster>Question Details

Hollie, Other/Just Looking in South Carolina

Ive seen the ads on tv for buying homes from taxes not being paid for just a couple of hundreds of dollars,

Asked by Hollie, South Carolina Fri Apr 25, 2008

where can these listings be found?

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6
about the tax situation you can buy them but the odds and time isnt on your favor, by the time you wait around for the tax sale and the county steps to come by and take place , then you have the ever task of outbidding other investor who 9 times out of 10 have deeper pockets than you, its not impossible but consider yourself very lucky to get these houses for pennies on the dollars! if you have the time go get it! But its just way more time consuming!

goodluck!
0 votes Thank Flag Link Mon Sep 29, 2008
Be careful. Unless you see the tax record and deed, you may up for an unpleasant surprise. There could be liens, back taxes and other unpleasant things like wrong surveys etc. which you would have to take care of and pay. These TV ads make only one person rich: the one who sells this kind of advice to so-called real estate investors who are, usually, not knowledgeable about real estate and tax and estate issues. That's why realtors use experienced real estate attorneys for their closings.
0 votes Thank Flag Link Fri May 9, 2008
actullay those guys who answered your question are wrong you can buy a home for a few hundred dollars, if you buy the tax lien on it, of course the ones that only cost a few hundred will be a pieces of crap, you may find some nice properties in SC but the tax lien will be for several thousand, and the owner will still have 2 years to redeem the property by paying the tax before you can take pocession, youll have to wait 2 yrs, but you could make some interest when you buy the tax lien and it is redeemed when owner pays up. it is very rare to get one, most have mortgage on them and the lender will pay the taxes up b4 losing the house to a tax lien buyer ....check out my website
Web Reference: http://www.redealsusa.com
0 votes Thank Flag Link Tue Apr 29, 2008
Hollie:

I have a formula for you that will answer your question. Steve Bright's Comments + Don Tepper's Comments = YOUR ANSWER! They are ON POINT!

Unless you are buying the home for investment purposes, heed the advice of these two professionals. If you are investing, get some professional assistance that is LICENSED to sell real estate in your target area. They should be able to help guide you around the pitfalls and trap doors!

GOOD LUCK!

Sincerely,

David A. Patterson, Broker CRS
Russell & Jeffcoat Realtors, Inc.
5219 N. Trenholm Road
Columbia, SC 29206
(803) 960-5231

Visit My Blog - Your Comments are Welcomed
http://www.thepattersonfiles.info

http://www.sellinghomesisourbusiness.com
http://www.davidpatterson.net

Great service begins with a clear purpose!
0 votes Thank Flag Link Fri Apr 25, 2008
I hate to sound like your dad, but the old adage is true - It is sounds to good to be true, it probably is. These type properties do not exist. Period. With all due respect, you should know better than to believe anything you see on an infomercial on TV.
Web Reference: http://www.stevebright.net
0 votes Thank Flag Link Fri Apr 25, 2008
Check with your local city or county. Many will have sales or auctions once or more a year. And they're required to publish notices of those sales. But, just call (start with "tax office" or something similar) and ask when the tax auctions will be.

However, you'll find relatively few bargains. Often there's a redemption period, and the owners will redeem the properties. Or the properties (or pieces of land) are worth almost nothing. I've seen landlocked and flood plain land on such lists. So it's not the gold mine the TV ads make it out to be. Still, give it a shot.
0 votes Thank Flag Link Fri Apr 25, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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