Rental Property Investor · Fort Lauderdale, FL · Member since 2018 · 29 posts · 3 votes
Hello Guys,
We have the opportunity to help a person we know redeem its parents house that they lost at tax sale to an investor 8 months ago.
Attorneys seem to say there is a way to file a petition at the courthouse, pay the delinquent taxes and get the title back. In exchange for paying back the taxes, my partner and I would gain 60% equity of the house and resell it (free and clear). We are looking at making at least 50% on our money after resell.
Has anyone been through a redeem process like this one? Does this usually work?
What county/municipality, what kind of taxes, and what kind of tax sale? There are too many missing information to even try to answer your question.
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information.