I know of a property in texas that is really behind on taxes. Is there someway I can request a taxing entity to place it on the tax sale list?
Hi,
No, the taxing authority will place it on the tax sale list once the statute of limitations has expired!
However, you can find out what’s owed in arrears and contact the legal owner and offer to buy the property for something more than back taxes and closing cost’s!
Then in a sale back taxes will be paid, title insurance granted and the property can legally exchange hands!
GR
To my knowledge there is no statute of limitations for placing property on a tax sale list.
Taxes accrue, are not paid, become delinquent and it goes up for sale.
Be aware that if you purchase prior to a tax sale you are taking subject to all existing liens, encumberances, taxes, etc.
You can, of course, do so but ONLY the tax sale will wipe the title clean for you.
Even then you must go through Quiet Title to get title cleared.
Personally, I would do more due diligence to find out why it is not or has not been sold for taxes.
Find out WHY?
Hi,
If there were no statutes requiring government to allow a specific amount of time to pay there property taxes then there would be no homeowner protections!
This means if Bills property taxes were due October 31 and they were not paid then they could place Bills property for sale November 1, but in all actuallity a taxing entity can not put a property for sale for owing taxes for some period of years, not days as the taxing entity gives the tax payer the benefit of doubt and an opportunity to pay prior to placing there property for sale!
If the law say’s a property can not be sold for 4 years, then by law I expect that property to not be sold until that statute of limitations has expired!
Bill, we buy properties all the time with 2 months, 6 months or a year or two of taxes owed against it, provided it is legally sold all taxes in arears are always paid in escrow as this is the only way title insurance can be secured is if all known debts against the property are paid!
Properties are only listed for tax sale once they exceed the set number of days, weeks, months and years (Varies by State!) required to pass before the county can post it for tax sale!
GR
If there were no statutes requiring government to allow a specific amount of time to pay there property taxes then there would be no homeowner protections!
We are looking at statute of limitation from different directions. All I said was there was no EXPIRATION saying property could NO LONGER be placed on a tax sale list.
This means if Bills property taxes were due October 31 and they were not paid then they could place Bills property for sale November 1, but in all actuallity a taxing entity can not put a property for sale for owing taxes for some period of years, not days as the taxing entity gives the tax payer the benefit of doubt and an opportunity to pay prior to placing there property for sale!
Yes, in most taxing jurisdictions, ONE day late is delinquent and it can be placed up for sale. Of course there are redemption periods…after…it is placed up for sale.
If the law say’s a property can not be sold for 4 years, then by law I expect that property to not be sold until that statute of limitations has expired!
It can, in most cases, be sold the next day…subject to the right of redemption.
Bill, we buy properties all the time with 2 months, 6 months or a year or two of taxes owed against it, provided it is legally sold all taxes in arears are always paid in escrow as this is the only way title insurance can be secured is if all known debts against the property are paid!
Been doing this since 1988 and have NEVER bought a tax lien and placed it in escrow. Liens do not give any ownership rights…they are all subject to rights of redemptiom.
If you have to pay all back debts, what is the benefit of the tax lien sale?
Tax liens wipe the title clean of most, there are exceptions, debts. You are speaking of a normal purchase and sale.
You do not get any rights until the right of redemptin has exxpired and the property is deeded to you via a tax deed.
Properties are only listed for tax sale once they exceed the set number of days, weeks, months and years (Varies by State!) required to pass before the county can post it for tax sale!
That includes the first day of delinquency.
Where do you buy these miraculous tax liens?
I suggest that you visit the local tax collectors office. Inquire if the property tax in question can be purchased over the counter, meaning you can buy it right then and there. If not ask when are they holding their tax sale and if this particular property tax will be included.
There is no tax assessor that will put a home up for tax foreclosure auction because of a potential buyer’s request that they do so. Do you know how much ruckus this would cause in the real estate market? Property investors from all over the world would be making these requests, along with scammers.
If I were you, I’d look into investing into tax foreclosure auctions if this is the real estate investment route you want to take. The process for putting homes for sale at auction because of delinquent property taxes is long and tedious. It begins with a tax lien being place on the property. Then, depending on the amount and the tax agency location, it could take years for the owner to get a “final” deadline.