Updated almost 6 years ago on . Most recent reply
Ever dealt with crazy??? Bought tax deed & occupant is crazy.
Summary: Last year my business partner (who is no longer allowed to pick out houses) wanted to buy a tax property in Norwood (listening to his mother). We road around for a good bit and it seems like all the good tax properties were already bought. We put in a few applications on what was left.
Got a price quote for $11k on an occupied house that looks like Fred Samford and the mutants from "The Hills Have Eyes" might live there.
Petitioned the state to take $500.
They accepted the $500.
Business partner decides that he doesn't want the house after I pay for it.
State now has this new stupid rule where you have to agree to not sell it back to the owner or anyone who had redemption rights.
Made contact with occupant with see if we could resolve the matter.
Occupant is crazy. I am 100% sure if he were to get an eviction notice he would set the house on fire, after he kidnapped me first. I want out.
Put some ads out on FB, giving full disclosure of the situation. Several people have reached out to take this mess off my hands.
NEVER again will I buy an occupied house.
Most Popular Reply
I can understand the States reason for this rule. You purchased a Tax Deed on property that owed $11,000.00 in back taxes for $500.00. If you were to sell the property to the owner or anyone with redemption rights, then everyone could win on the transaction except the State. The property owner/ the people with redemption rights would save thousands of dollars on taxes they did not pay if you gave them a good deal on the Tax Deed. I feel sure there is a way to sell the tax deed to the owner or someone with redemption rights if they paid all the back taxes previously owed ($11,000.00 minus the $500.00 you paid) to the State.