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  1. #1
    Join Date
    Oct 2009
    Posts
    4

    Default Buying a 50% Interest in a Property with Unpaid Taxes

    My question involves real estate located in the State of: Louisiana

    Sorry about the subject header guys... Not sure what happened.

    I am buying a piece property from 3 owners which totals 50 % ownership. The other 50 % is held by several other heirs from a diffrent family in which I am not purchasing at this time. I have just found out the other families heirs have not been paying there taxes on their 50 % and has a lien on it. How does this affect the portion I am buying? Would it be subject to any legal action?

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    65,616

    Default Re: Buying Property with 50

    The portion you're buying will be subject to the tax lien, and to a possible future sale by the taxing authority to recoup unpaid taxes.

  3. #3
    Join Date
    Oct 2009
    Posts
    4

    Default Re: Buying a 50% Interest in a Property with Unpaid Taxes

    Hmm.... So even though the owners of the 50 % I am buying which have been paying taxes on their share, is still subject to the lien? It is only the other 50% owners that have not been paying taxes and has a lien.

    I may be misunderstanding you.

    Thanks

  4. #4
    Join Date
    Mar 2009
    Posts
    327

    Default Re: Buying a 50% Interest in a Property with Unpaid Taxes

    I wouldn't buy anything unless the taxes are paid prior to closing. The County doesn't care what percentage a person owes. The tax is on the property as a whole.

  5. #5
    Join Date
    Oct 2009
    Posts
    4

    Default Re: Buying a 50% Interest in a Property with Unpaid Taxes

    Ok guys... I will have to get with the land owners.

    Thanks

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