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Updated almost 7 years ago on . Most recent reply

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Samuel Cervantez
  • Fort Worth, TX
11
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29
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Seller behind on taxes... selling to me... help

Samuel Cervantez
  • Fort Worth, TX
Posted
I found a seller who's behind on their current taxes and a loan they used to pay previous taxes. They went to sell me their house but I am unsure of what forms I need to buy it cash. Will a title company allow me to move forward with purchasing this property if they owe money on their taxes and a loan? If not what steps should I take to lock in this deal?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It’s just a normal sale.....assuming your purchase price is enough to cover everything. The back taxes and the mtg balance get paid out if the sellers proceeds st closing.
If you think all these(plus what the owner is willing to walk away with)add up to more than the your purchase price, then you have a problem.
Of course, get title insurance on any purchase.

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