Flipper/Rehabber · Franklin Township, NJ · Member since 2018 · 15 posts · 4 votes
HI, I've run into an issue with a tax lien I recently purchased.
I went through all the proper channels -advertised, had a lawyer do the outreach, and no one contested the lien for the year. I find out that it is currently occupied (at the time I did research there was no indication that there was any other address associated (nothing showed up on the title pull). I spoke to the occupant today and they explained that the previous owner had them in a rent to buy situation. They had been living in the house for 3 years - paying the lawyer.
I really want to help them, but I'm not sure what the risks are. I'll be reaching out to my lawyer on Monday but wanted to see if anyone else was familiar with this type of situation.
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
@Mischael Metelus
If you advertised it you did what you were supposed to. An unrecorded land contract or rent to buy is not your issue it’s the issue between the occupant and the owner of the property.
It’s no different if a lender was foreclosing on a mortgage.
If you advertised it you did what you were supposed to. An unrecorded land contract or rent to buy is not your issue it’s the issue between the occupant and the owner of the property.
It’s no different if a lender was foreclosing on a mortgage.