Posted by BankRobber on January 28, 1999 at 23:07:06:
Seems to me that lease purchasing this property would create too many complications. Are you sure that the law allows you a right of occupancy during the redemption period? If so it sounds like a great deal you get interest and rent for two years. All the State redemption (tax sale and foreclosure) periods that I am aware of give the former owner the right to occupy the property during the redemption period. What State are you in?
Tax lien opportunity - Posted by Rhonda
Posted by Rhonda on January 28, 1999 at 20:20:31:
Here’s the situation. I buy a house at a sheriff’s sale for 6,100. This is for back taxes owed. The tax value is 41,000. The home is older in fair condition. Our state has a 2 year redemption. Do I rent the house for two years taking responsibility for maintainence, or can I lease purchase with special provisions and hope the previous owner never buys back the home.
Re: Tax lien opportunity - Posted by Ben
Posted by Ben on January 29, 1999 at 04:28:39:
Contact Roy at www.taxsales.com. He has been buying tax forfeited property for 25 years and can help you.
Ben