How to Purchase a Tax Delinquent Home

[Matt Rivera]

A family member approached me about selling their paid off home to cover unpaid property taxes, 6 years to be exact. They were served papers a little over 4 weeks ago. According to the law office that's handling the suit they have about 10-12 months until foreclosure efforts begin.

My plan is to Seller Finance the home for 4 months to complete the rehab out of pocket then refinance it with a bank for a rental. 

I'm looking for any advice on proceeding with this and if I'm going about it the right way. Do I need to give them our agreed upon selling price and let them pay the taxes or are the taxes paid at title on the closing date before the home is funded? Do I need to offer them the agreed upon price minus the property tax bill and I cover the owed taxes?

Thanks