- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Tax Title Sales?
Posted on 2/9/15 at 12:19 pm to NoSaint
Posted on 2/9/15 at 12:19 pm to NoSaint
quote:
whats the catch/
If they owe money to the bank on it, a representative of the bank will be there bidding against you.
That will drive the price towards "fair market value". They'll let you have it once it gets close to what they're owed.
1
Posted on 2/9/15 at 1:00 pm to Clyde Tipton
quote:
If they owe money to the bank on it, a representative of the bank will be there bidding against you.
i do not believe thats how this works. its a downward bid from 100% ownership stake.
the bank can either pay the debts off and own it now, or buy me out later with the 5% penalty plus 1% per month, if i am understanding right. it isnt a bid up the price auction, its a downward bid in ownership percentage.
though id be fine with market price, whatever, i just dont think thats what this is.
This post was edited on 2/9/15 at 1:04 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News