can a tax lien be reduced if a property is switching owners
So I have someone that asked me an interesting question.
He is considering buying a property that has a tax Lien on it.
The seller is asking 38k for his property and if he bought this property regularly, all cash $38,000, the 28,000 covers the cost of the lien and the seller would walk away with about $3000 after everything is prorated.
He is considering doing a quit claim deed and giving the seller $2000.
The property is rent ready but its assessment value is about 35k, so clearly in a low income area. Rent in the area range from 900-1150.
Could he use quit claim and give the seller $2000 and have tenants pay off the owed taxes or has anyone ever heard of getting a tax bill reduced?
I heard one of my investor buddies say he's got a municipal tax lien reduced often in our county but you know you can't always trust what people say.
The first thing I said to my friend is that it doesn't sound like too bad of an idea but of course get a title search.
The numbers up top are actual numbers. looking for some feedback.