Can property taxes be settled?
Under what event can the city settle taxes?
For example, a lot was listed , I made the offer, contract executed, and right now I have it under contract for $7000 and the owner owes $5000 in taxes.. Currently the title company is doing the tax certificate process and he owes $5300 to be exact, Is it possible or likely to instead lower my offer to $2000 and settle the taxes with the city?
I know people do this with delinquent land owners. But not sure if this falls under that situation
If you have experience with something like this, please help.
Most Popular Reply
The taxing authority is not going to settle for less ... at this juncture. That typically only occurs after the tax sale process fails and the lien(s) must be abated in order to transfer to a new owner. In your case the property is still above water. Seller should pay all liens at settlement.
- Tom Gimer
