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re: Will Executor paying property taxes claims he now owns property
Posted on 1/5/23 at 10:28 pm to Iowatiger209
Posted on 1/5/23 at 10:28 pm to Iowatiger209
quote:
if this dude just paid the taxes, then, well, all he did was just help out whomever held title by paying their taxes. If he bought it at the tax sale, then most states allow for a 2 year redemption for the owner to redeem the sale, at 1.5% interest per month. If the sale is not redeemed, the tax sale purchaser can request a tax deed, but even then, he/she does not necessarily hold 100% fee simple title. There needs to be a quiet title action confirming that the purchaser now holds complete fee simple title.
I know that is a lot of info, but honestly, I don’t know that this executor has much to stand on.
As someone who sells adjudicated property in Louisiana, this is accurate. Someone can pay taxes on anothers property every year for years and not have ownership of the property. You can buy the tax liens through a tax lien sale, but there is still an enormous amount of administrative work to acquire a property and, even then, the title isn't clear and subject to future lawsuits.
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