Updated over 7 years ago on . Most recent reply
Oregon Tax Foreclosure
I just put an offer in on a house yesterday. It is the true meaning of a fixer upper! Needs a new foundation, new septic, new siding, new heating system, etc. But luckily there is plenty of room in the budget to make all these and still come out ahead. So I was scouring the internet this morning and I decided to look up the tax information. I found out they owe 4 years worth of back taxes equating over $21k. The county said it starts the foreclosure process May 15th this year. They weren't very helpful or knowledgeable past that point.
I brought it up to my realtor and she said they would be required to pay off the taxes before it goes into escrow so it would have a clean title, and not to worry about any liens on the property. My question is if they DONT pay the taxes, is there a way to buy the tax lien? Im not sure of all the Oregon rules on tax liens. I know there is a 2 year redemption period. Can I buy the right of redemption? Can I buy the tax lien? Just wanting to know if anybody out there is an expert in this area and might be able to shed more light on the subject.
Thanks!



