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Updated over 1 year ago, 07/17/2023
- Real Estate Broker
- Coppell, TX
- 4,265
- Votes |
- 4,901
- Posts
Even the courthouse can get sold at the tax auction.....Corning, NY-Steuben County
$142,500....
https://www.the-leader.com/sto...
What interesting homes or buildings have you seen auctioned at the tax sale?
A ground lease for the land under the Balitmore city dept of housing went to tax auction a couple of times. I couldn't believe it so I looked it up in the land records. It was one of the most complex legal documents I have ever seen.
I was to chicken to bid on it. I was too afraid it wasnt' what I thought it was.
- Investor
- Greer, SC
- 14,509
- Votes |
- 12,117
- Posts
Quote from @Ned Carey:
A ground lease for the land under the Balitmore city dept of housing went to tax auction a couple of times. I couldn't believe it so I looked it up in the land records. It was one of the most complex legal documents I have ever seen.
I was to chicken to bid on it. I was too afraid it wasnt' what I thought it was.
I have seen HOA pools, apartment complex parking lots. I saw a Bojangles once.
- Lender
- The Woodlands, TX
- 8,547
- Votes |
- 5,554
- Posts
Quote from @Bruce Lynn:
$142,500....
https://www.the-leader.com/sto...
What interesting homes or buildings have you seen auctioned at the tax sale?
A townhouse that was only 8 feet wide.
- Don Konipol
- Investor
- Greer, SC
- 14,509
- Votes |
- 12,117
- Posts
Quote from @Richard Elvin:
You could charge for parking passes maybe?
Rent out the pool for parties?
Quote from @John Underwood:
Quote from @Richard Elvin:
You could charge for parking passes maybe?
Rent out the pool for parties?
Thanks for the info. This idea made me chuckle.
- Real Estate Broker
- Coppell, TX
- 4,265
- Votes |
- 4,901
- Posts
@Richard Elvin It happened in San Francisco a few years ago. HOA ended up challenging the sale, saying they weren't properly notified and was able to get it back. I believe that sale was cancelled.
https://www.sfchronicle.com/ba...
Don't know, but I'll guess the buyer had a lot of legal fees that were not reimbursed...so negative on that deal.
While it seems genius at the time, it might be more pain than it's worth.
@Bruce Lynn I remember when that happened. I figured they would lose one way or another. Definitely not something I would want to attempt. Some things are funny in the abstract, but a really bad idea in practice.