Asked by Selling-stuff, Allen County, IN • Thu Jun 24, 2010
I obtained a home via a Tax Sale. I was investing with the intent of the return on the late tax penalty - not to get the property. Regardless, the property did not redeem, so I got a Tax Deed to the property. (No Mortgages)
Shortly after getting the Tax Deed, the City Building Code Department placed an Order to Demolish the house (it is fairly run down, and I guess enough complaints have come in regarding it). Per the notice, the order is because the house has been deemed "unsafe"
I tried to work with the Building Code folks to get the demo order dropped, but they are totally unreasonable about what needs to be fixed (one thing was to paint siding!?!)
Anyways, the Building Code claims they are going to tear it down, and as the owner, I will owe the amount for the demo. I'm not sure if this will be a lien on the property or a judgment against me.
I just want out and to not have to put anymore money in. Can I "release" ownership of this property in any way? How can I get out?
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