Bude, MS · Member since 2014 · 144 posts · 9 votes
I found a property, while driving for dollars, abandoned. Looked up the owner, found out she has passed away, started contacting her heirs and found she has one living son and 2 grand kids of a deceased son. The living son wants to sell and he lives in the same area as the house but he doesnt talk to the 2 grand kids so he doesnt know if they will agree to sell, some kinda family dispute. In conversation he reveals he knows the property taxes are delinquent (which I already knew) and that i could pay the taxes and acquire it that way, because he is dead broke and has no way of paying them. I did more research and found that someone did pay them 2 years ago but they havent been paid since then. My question is how do I go about acquiring the property via taxes if A) the property is in tax sale status and B) someone paid them 2 years ago, Please help with this.
@Everett Marshall to "acquire the property via taxes" you have to buy either a tax deed or a tax lien at auction. (which depends on state law)
I suspect the person who "paid the taxes" 2 years ago did just that. If they bought a tax deed the property is likely already lost. If Mississippi is a tax lien state, then in order for the tax lien holder to acquire the property they have to foreclose on the tax lien. That may have already happened or may be in the process.
If someone did not buy it at tax sale two years ago, then you just have to watch for notices that it is going to tax sale and bid when it happens.
I don't know Mississipi law but to purchase the property from heirs usually goes something like this: You need to Buy the property from the estate, unless one or multiple heirs have already taken title. I suspect no estate was opened so you will need to open and estate. Then you can purchase it from the estate.
As long as you settle on the property before any pending tax action is final, you would just pay the back taxes at settlement.