how do i find homes that are being sold for back taxes?

Asked by Carmen, Tue Jan 20, 2009

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Robin Kay Co…, Agent, Plymouth, MI
Tue Jan 20, 2009
BEST ANSWER
Carmen, Tony's right. If you've never bought a home for back taxes, be very careful. You might want to join a local real estate investment club to learn more from the members. Admittedly, there are some opportunities to purchase properties for low prices, but it may not be in areas you would necessarily desire, the condition you would prefer, and you may not have any access to personally inspect the home(s) so you would be buying sight unseen. Make sure to check with the municipality yourself for outstanding water bills that may accrue to taxes. Finally, as was already mentioned, be sure to hire a title company to complete a title search and purchase title insurance. The last thing you want to happen is to have a distant relative show up with a claim on title.
Web Reference:  http://MIHomeSeller.com
1 vote
Tony Grech, Mortgage Broker Or Lender, Southfield, MI
Tue Jan 20, 2009
Hi Carmen,
The Detroit News ran a special section right around Thanskgiving listing all the tax foreclosures in Wayne county I beleive. You can call up the county and get a listing or a link I'm sure. But like Darlene said, gaining clear title to the home is the more pressing issue. There could be mortgage liens, water bills, or other issues you need to take care of, not to mention the homes may not be livable

If your strategy is to pick up one or several of these homes then your best bet is to consult with a real estate attorney to fill you in on the process. You can also speak with a real estate agent if you wish to look at other sorts of properties.

If you're asking because you saw an infomercial though, don't beleive that there are all these great homes out there for $500, because there aren't. Like the saying goes, you get what you pay for.
2 votes
Daniel, , Baton Rouge, LA
Wed Jan 21, 2009
the sheriff is responsible for tax sales

many cities have web sites announcing tax sales

call your sheriff!
1 vote
Mike & Darle…, Agent, Lexington, SC
Tue Jan 20, 2009
You need to research this in your county. If you cannot get a clear title search you may not be able to sell the property if the buyer cannot get title insurance. You can get a clear title but it can cost you thousands of dollars more than you would want to pay. Usually the county has to run an ad in the state paper in your area on all property up for tax sale. Contact your local paper and see when they will run the ad. You can also contact your county office and someone there should be able to give you a date. The home owner does have 12 months to pay the taxes in our area in S.C. but you would be paid the interest on that the amount they owe if they pay the taxes.
1 vote
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