Tax sale Tenders Still Occupied

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Tax sale Tenders Still Occupied

David Pollard
Investor · Chatham, ON · Member since 2019 · 12 posts · 7 votes

Hello

I was wondering if someone could help answer a few questions. 

I just started looking into city tax sale tenders in my area and was wondering if anyone has ever purchased a property that was still occupied?

If so how did you handle it? 

Any information would be great.

Thanks

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    6y

    @David Pollard I have never heard the term "Tax Sale Tenders"  Can you tell us what you are speaking about?

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  • David Pollard
    OP
    Investor · Chatham, ON · Member since 2019 · 12 posts · 7 votes
    6y

    A tax sale tender is where the property is being sold by the city for back taxes.

    What they did was list all the properties that are eligible to sale due to delinquent property taxes.

    You have till a set day and time to submit a price equal to or higher than what is owed. This is done in a city form and in a sealed envelope with the proper information labelled on it. After the set time, no other tenders will be accepted.

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    6y

    @David Pollard I have purchased hundreds of tax liens that are occupied. If you foreclose on the property or take it via  tax deed you still have to go through the legal process to get the occupants out. 

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  • David Pollard
    OP
    Investor · Chatham, ON · Member since 2019 · 12 posts · 7 votes
    6y

    Thank you all for the information.

    The tax liens ended up getting redeemed.

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