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Updated over 10 years ago on . Most recent reply
Home about to go into tax foreclosure...can I just pay the taxes???
In going through homes last week, I noticed a home I saw a couple years ago looking distressed and abandoned. I looked it up with the country, and the taxes are about to be 3 years behind...and going into foreclosure in April. About 12k is what it will cost, but the home is certainly worth it. What can I do in terms of paying the taxes and getting right to the property? (I am in Michigan). Any advice from someone who has executed this would be appreciated.
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Paying the taxes gives you no interest in the property. You need to buy it from the current owner, if it makes sense.