Results 1 to 10 of 16

Hybrid View

  1. #1
    Join Date
    Nov 2013
    Posts
    7,056

    Default Re: Renting Taxes Hasn't Been Paid for 6 Years and Bank Hasn't Foreclosed After 2

    Quote Quoting flyingron
    View Post
    Could you repeat that in English? What does the county have to do with your landlord?
    It has nothing to do with his landlord. It has to do with the unpaid property taxes and a way of acquiring the property through a tax foreclosure.

  2. #2
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Renting Taxes Hasn't Been Paid for 6 Years and Bank Hasn't Foreclosed After 2

    Until the county goes through the levy and tax sale procedure, there's no way to get ownership of the property. Just because you paid someone else's taxes gives you no rights.
    You're free to go to the tax sale when it happens and bid. The opening bid will be the amount of taxes owed and some administrative costs. You need to have cash (or certified funds such as a cashiers check) to pay for it on the spot. You're not going to be given any credit for money you already paid (other than it decreased the opening bid).

    Now lets say you go to the tax sale and nobody else bids on the property so you get it for the minimum bid. It's still not yours. There's a one year right of redemption which means the owner or anybody else with a lien (like the bank) can come back and pay you off and get the property (though they will pay you a 20% premium and reimburse you for any taxes you pay in the interim). After a year, you can foreclose on the property and extinguish the other liens. Or you can wait four years until the tax deed "ripens" and then you get ownership by default (even without having to specifically foreclose).

    So if you've got a lot of money burning a hole in your pocket and want to take a gamble that the bank has no interest in pursuing their security interest in the property, have at it.

  3. #3
    Join Date
    Nov 2013
    Posts
    7,056

    Default Re: Renting Taxes Hasn't Been Paid for 6 Years and Bank Hasn't Foreclosed After 2

    With all due respect to you and your knowledge, you don't know what you are talking about.

    Once a tax sale goes to sale it is all over.

  4. #4
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Renting Taxes Hasn't Been Paid for 6 Years and Bank Hasn't Foreclosed After 2

    Quote Quoting budwad
    View Post
    With all due respect to you and your knowledge, you don't know what you are talking about.

    Once a tax sale goes to sale it is all over.
    Not in Georgia it isn't. You might care to read Title 48 Chapter 4 of the Georgia code (particularly 48-4-40 thru 48-4-48).
    Did you even read the link you posted?

  5. #5
    Join Date
    Nov 2013
    Posts
    7,056

    Default Re: Renting Taxes Hasn't Been Paid for 6 Years and Bank Hasn't Foreclosed After 2

    Quote Quoting flyingron
    View Post
    Not in Georgia it isn't. You might care to read Title 48 Chapter 4 of the Georgia code (particularly 48-4-40 thru 48-4-48).
    Did you even read the link you posted?
    I plead guilty to negligent posting.

    But it is the same in most states when it comes to non-judicial tax sales.

    The owner hasn't paid taxes in 6 years. What makes you think he hasn't walked away from the property?

    1. Sponsored Links
       

Similar Threads

  1. Purchase Contracts: Landlord Won't Consent to Dividing a Lot and Selling the Rental Home to the Tenant
    By mr.gomez in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 07-11-2014, 11:57 AM
  2. Repair and Maintenance: Tenant Pays Taxes Owed by Landlord
    By ryan13tt in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 01-28-2014, 12:24 PM
  3. Moving Out: Can a Landlord Repair and Upgrade a Rental Before the Tenant Moves Out
    By auspicious in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 06-27-2013, 11:45 AM
  4. Replies: 4
    Last Post: 12-20-2010, 09:16 AM
  5. Foreclosure: Rental is in Foreclosure, Landlord's Ownership is Questionable
    By luvmyboys in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 07-29-2009, 11:10 AM
 
 
Sponsored Links

Legal Help, Information and Resources