I’ve found numerous properties that have been boarded up & abandoned for a LONG time. I’m assuming these are most likely bank owned. No?? If thats the case, does anyone know what the general discount for these types of properties are? as in cents on the dollar? These are nice sized homes ranging from 1200- 4000 Sq ft with large lots as well.
It’s not as easy as it sounds. You have to occupy the property for a certain numbers of years(depends on your state). There are other issues too that I can’t remember but it’s more than just pitching a tent over the weekend
I was just thinking… Several states say you must pay the property taxes to claim adverse poss for a specified number of years. I know that there are properties that are abandoned & have back taxes owed. Numerous times in the past I’ve heard people talk about picking up property for just the cost of the back taxes & any cost of sales.
Any thoughts on that??
Also, is anyone familiar with these tax sales?