Las Vegas Area Question?

Question

Hey guys! My name is Henry, I'm a local investor in the Las Vegas area just starting out. I'm pulling lists of properties to door knock, but when I look up the owner on the county's website it says that it is co-owned by the county. Like it will have the person that lives in the home and the "c/o clark county". I just wanted to know what this means and if it is a good home to door knock. The owners of the home have $3k+ of overdue taxes, but the fact that it says that it is co-owned by the county has me weary if I should even try it. Any help is appreciated thank you all!

Joe Abughazaleh · Answer

@Henry Anthony Robledo Matadamas I believe this means they're delinquent property taxes, the county will give homeowner 2yrs to redeem property- Pay back taxes plus interest and they'll remove the lien (c/o Clark County). If they don't redeem it'll go to sale after the 2yrs (sales held once a year), if there's a mortgage, the mortgage company will probably pay it off to protect their interest. If they're delinquent on taxes there's a good chance they haven't paid trash and or sewer, maybe HOA as well. Those 3 entities can place liens on the property as well. Check on Clark County Recorders office website to confirm this information with the parcel number you have.

It might not be a bad idea to door knock, depends on what your strategy is and how you can help them. You might be able to get them out of their jam, i.e. pay off all liens and can walk away with some of their equity. They maybe so backed up in bills they do not have the funds to clear liens to be able to sell, if they cannot catch-up they'll lose the house and walk away with nothing.