Foreclose on Dissolved LLC

[Bradley Combs]

Any tips on foreclosing on property owned by an LLC that has been dissolved?

[John Underwood]

Originally posted by @Bradley Combs:

Thank you, folks.

I haven't yet consulted with an attorney. I figured I'd get some talking points to take into the attorney before I went in blind.

Now, if assets of an LLC are distributed to the owner(s) [agent(s)] after the LLC is dissolved, wouldn't the new owner's be reflected at the County Assessor's/Treasurer's.

If the name hasn't yet been changed over to the new owner(s) name, but they've got back taxes owed on the property and they're so far in the rears on those back taxes that the property is ready to be foreclosed, then what?

If I understand your situation correctly I would see if I could find LLC owner/s and offer them a couple hundred for their time to sign property over to you and then go pay the back taxes. This would work if their are no other substantial liens or mortgages on the property. I have used this method multiple times. I type up the deed myself and meet then at a bank so that I can get the deed notarized and then file it with the Register of Deeds.