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Foreclosures

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Ken Henson
  • Real Estate Investor
  • el paso, TX
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22
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Tax lien nightmare??

Ken Henson
  • Real Estate Investor
  • el paso, TX
Posted Sep 12 2008, 15:18

Purchased a run down property through tax sale (in Texas). This was a homestead property so did not want to do any improvements on property until redemption period was up (2 years). About 11 months I was contacted & notified that the previous owner would be exercising his right to reclaim his property. I thought cool, I will be getting my 25% return, not bad... Now the previous owner is saying that all the damage that was done to the property was done while I was in possession and wants me to pay for repairs. The house was in bad shape when I took possession, and while I did nothing to improve the property I also did not cause any damage to the property. Can this guy really get me to pay for these repairs???

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