Foreclosure in Tulsa>Question Details

Ms. Dalton,  in Tulsa, OK

Are most houses sold at tax foreclosure sales older (30-50 yrs old) and in need of major repairs? Alta in

Asked by Ms. Dalton, Tulsa, OK Sat Jul 5, 2008

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It seems some answerers are giving suggestions about MORTGAGE foreclosure sales, obviously they are a different ball game. Tax foreclosure properties vary depending on county laws regarding tax sherrif sale. For example in Philadelphia most tax properties will be shells in need of MAJOR repairs, because properties only go to sale after an average of 10-20 years of unpaid taxes (and they have usually been vacant for said period). I know that in some parts of Florida, if you don't pay your taxes you can be foreclosed in less than 3 years, so obviously the condition of the house will be much better. So find out how long it takes for your area to foreclose for tax purposes and then you should have a pretty good grasp on your answer.
0 votes Thank Flag Link Sat Jul 5, 2008
No most homes that old in some circumstances are usually in redevelopment areas.
0 votes Thank Flag Link Sat Jul 5, 2008
It depends on the location you are in and what your interests are. In our location we commonly see tax foreclosure sales of homes that are only a few years old.

Hope this helps,
The "Eckler Team"
0 votes Thank Flag Link Sat Jul 5, 2008
I wouldn't know that i would say most tax foreclosure sales are older than 30-50 years considering the fall of the sub-prime market affected people who got loans in the past 3-5 years however, most foreclosures need rapairs (sometimes major repairs) due to the nature of the homeowner and lack of funds on their part to properly maintain or even rapair the home when problems arise.
0 votes Thank Flag Link Sat Jul 5, 2008
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