Updated almost 3 years ago on . Most recent reply
held the loan, now they're defaulting
Hi,
I have a friend who owns a small trailer park. He sold it to another guy and held the loan. Now he has discovered that the guy hasn't paid the taxes on it for about 5 years. What advice would you give him. Thank you!
Most Popular Reply
Your friend should pay the taxes ASAP and worry about the details later. A tax foreclosure can wipe out his interest in the property.