what is a delinquent property tax sale?

Question

Does anyone know what a delinquent property tax sale is. There are listings posted in the newspaper for this? Are you buying the lien rights or are you buying the property? And if the property has a loan against it what happens to that when you buy the property? Any info would be greatly appericiated. thanks

Answer 1

Those properties have not had the real estate tax paid. they are on the way to being auctioned off by the taxing authority. My area it is the County Treasurer that runs the auction. Before being auctioned an ad is placed in your local paper. Good way to pick up some inexpensive property.

Answer 2

they didn't pay their taxes so the county or parish has seized the property and is selling it to get their tax money. If there is a loan then the bank will bid at least the amount of the loan and then resell it as a bank property. The bank will pay the taxes and sell the house at a discount price.



Call a Real Estate agent to find properties that are bank owned .

Answer 3

Sale of real estate due to nonpayment of real estate taxes. The bank will bid up the property to at least the loan amount. The buyer is buying the property.



The county publish lists of these houses on an ongoing basis, usually monthly.