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Updated over 5 years ago on . Most recent reply

Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
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Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
Connect
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
348
Votes |
1,264
Posts
Buying & Selling Real Estate

Will the town agree to a short sale?

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

Hi. I have come across a property I want to buy where fair market value is only 50k. Due to the fact the owner has not paid taxes on the property in over 20 years I suspect the tax lien value is much greater than 50k. Would a town ever agree to take less than what is owed to them in the sale of property? Are towns legally able to do that? 


Thank you

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