Bought a repoed mobile home a week ago. The ex owner still owns the land. He owes 2400 in taxes. I really screwed up by taking the finance company’s word on the taxes being paid. I can’t move the home until the taxes are paid. No tax sale on lot because they are garnishing his wages, but at a rate that will take many years before they are paid up. He has one loan against the property, which is current.
I want the property, it is worth considerable more than the balance of his loan and taxes. I can rent the lot after the resale of the home for a good profit. He will not sell the lot to me and seems to understand he has me in a corner and is content to leave me here. Note holder will not sell the note to me either.
I need to get this guys property or figure out a way to get the deadbeat to pay his taxes.
I have two ideas, and would love to hear anything creative to get out of this situation.
1st idea: Pay off his taxes, put a lien against the property, then foreclose on the lien, pay off the 1st note holder and own the property. Not sure if this is possible here in NC.
2nd idea: Fight the garnishment for him (without his knowledge) by sending a few strongly worded legal letters to the county stating the garnishment is not allowed by state law here. There is a garnishment exemption in this state that says if 100% of wages are needed for living costs, you cannot garnish. If the county stops the garnishment, hopefully this will trigger a tax sale and at least get him off the deed. I’m guessing then it would be between me and the note holder for the property after that. I can’t imagine anyone else wanting this lot otherwise. This method is probably not legal, as I have would have to sign his name on this letter. Or maybe just leave the signature off?
I need better ideas, I don’t want to pay his taxes.