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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 5:40 pm to fareplay
Posted on 5/7/24 at 5:40 pm to fareplay
quote:
What happens to homes when occupant passes?
if its left uncared for, 9 out of 10 its sold to the highest bidder at any price due to the unpaid taxes. they have announcements in the paper of property being sold for tax debts
assuming you are asking in terms of inheriting it, as long as someone keeps up with the taxes owed and keeps the yard from getting overgrown, it can just sit for years until you settle ownership/inheritance issues and decide what to do with it.
if you are asking how you steal the property for free, you just pay the taxes owed on the property for (i think) 3 years straight, and then you file for ownership in your name. if the property owners want to keep the property, then they must repay those taxes before the 3rd year is up. my oncle got 6 properties doing this and most cost him under $5000 in taxes paid on it to take ownership. he said maybe 1 in 10 properties he went after they paid the taxes in time to keep it, and he got a full refund of all his money
This post was edited on 5/7/24 at 5:46 pm
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