Buying A House With Back Owed Taxes

How do I find a house that has back taxes owed on it, to buy it? What are the guidelines on doing that? I live in Enid, OK.

Katie

Ad

Answers:

Buying A House With Back Owed Taxes

I know someone who lost their land (over 150 acres and their house) to back taxes. The new people that bought it did so by going to a tax sale auction. Each county has them. Call your local county tax auditor. Homes don't go for only $100 like they advertise on TV, but they do go fairly cheaply. The one I described above went for $80,000 back in the early 90's and probably double that today. This was in a remote part of the state and the house was home-built from unpainted plywood and falling apart.

The cool surprise for the guy who bought the place was that it had a whole machine shop in the basement with lots of huge machining tools. The house was originally owned by an 86 year old inventor (he was born in 1899). He was a very cool guy, but left the land to his daughter, who failed to pay the taxes. (05/27/2008)

By Cyinda

Buying A House With Back Owed Taxes

Someone has to pay the back taxes and that is the person who buys the property. Properties that are to be foreclosed are listed in the newspapers. Or locate a bank that has these properties on their books or consult with attorneys that do this type of work. Any attorney could direct you to one. (05/28/2008)

By Harry

Buying A House With Back Owed Taxes

Try the HUD website, or google the website for your county and look for the properties scheduled for sheriff's sale. You can look up the property at your county courthouse, and see what taxes and leins are owed against the property. Some of the time the banks that carry the primary mortgages buy them back at the sheriff's sale and sell them through a realtor, that's another way to get a great deal. (06/01/2008)

By Amy

Buying A House With Back Owed Taxes

Ad

The best bet is the county courthouse. You can even go online in larger counties to find out which homes have taxes owed. The county is also required to make an announcement in the newspaper giving the plat location, type of property and other details. (06/04/2008)

By kaycee2001

Comments

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related
In This Article
Buying a House With Back Owed Taxes
Categories
July 27, 2009
Guides
Online Sales Tax
Saving Money on Taxes
Cabinet with Multi-colored Hanging Files
Organizing Paperwork For Taxes
Collecting Rent Money
Collecting Rent from Former Tenant
guilty dog
Dog Peeing and Pooping Inside
More
🎄
Christmas Ideas!
🍂
Thanksgiving Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
You are viewing the desktop version of this page: View Mobile Site
© 1997-2016 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on November 19, 2016 at 11:11:23 PM on 10.0.1.129 in 909 msecs. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!