Tax lien home first home
Hi I have a question for the gurus out there. I'm interested in purchasing a home from my local county tax lien sale. Is it possible to use my first time home buying program loan to fix up/renovate that property. Also can I use the loan to even purchase the tax lien home thanks gurus and I look forward to your replies.
Most Popular Reply
I can't answer your question, but I have something to say about St Louis tax sales. I am assuming you are from St Louis. The city does not have a redemption period. The county has a 1 year redemption period, unless it was the 3rd sale. 3rd sales do not have a redemption period.
So if you are buying from the county and it isn't the 3rd sale, then you need to be aware of the rights of the previous owner. If you fix it up, they can legally come back and get it.