My home is on tax sale.
Member since 2023 · 25 posts · 3 votes
My home is on tax sale.
Most Popular Reply
Quote from @Dele Gabriel:Pay
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
PAY it or sell it , really not sure what you are asking all of us to say,
53 Replies
- Flipper · Anna-TX · Member since 2017 · 71 posts · 76 votes3y
Hi @Dele Gabriel,
I would contact the Tax Office (Tax Assessor/Collector) and/or the Law Firm responsible for the sale. Many times the County has payment plans that would help you avoid this sale (and pay you back taxes in a few or many installments).
- Member since 2023 · 25 posts · 3 votes3y
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks. - Flipper · Anna-TX · Member since 2017 · 71 posts · 76 votes3y
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
- Member since 2023 · 25 posts · 3 votes3y
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am. - Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
@Dele Gabriel
If you want to keep house, file bankruptcy
7e investments53 Reviews - Flipper · Anna-TX · Member since 2017 · 71 posts · 76 votes3y
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am.Unfortunately, that's not much (or an easy way) to do right now.
A few options (and it's just my opinion by attending several auctions and buying properties for a few years):
You could try to sell the property before the auction, that way you could solve the back tax and auction issue and - maybe - make some money;
You could hire an attorney to check all the legal aspects of the sale process to see if that is anything wrong or missing (not very likely and it would cost you);
You could work with the buyer (assuming it goes to the sale and someone buys it) on a way to buy it back (remember that is a 25% interest - on top of the purchase price and other expenses - that the tax auction buyer is entitled by the tax code).
Again, no easy way out of it, and You should always get professional advice (Lawyers, for example) to get you the best scenario possible for you.
- Member since 2023 · 25 posts · 3 votes3yThe tax lien will be auctioned in 2 weeks, If it's not paid.
Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution. - Member since 2023 · 25 posts · 3 votes3y
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am.Unfortunately, that's not much (or an easy way) to do right now.
A few options (and it's just my opinion by attending several auctions and buying properties for a few years):
You could try to sell the property before the auction, that way you could solve the back tax and auction issue and - maybe - make some money;
You could hire an attorney to check all the legal aspects of the sale process to see if that is anything wrong or missing (not very likely and it would cost you);
You could work with the buyer (assuming it goes to the sale and someone buys it) on a way to buy it back (remember that is a 25% interest - on top of the purchase price and other expenses - that the tax auction buyer is entitled by the tax code).
Again, no easy way out of it, and You should always get professional advice (Lawyers, for example) to get you the best scenario possible for you.
- Member since 2023 · 25 posts · 3 votes3y
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am.Unfortunately, that's not much (or an easy way) to do right now.
A few options (and it's just my opinion by attending several auctions and buying properties for a few years):
You could try to sell the property before the auction, that way you could solve the back tax and auction issue and - maybe - make some money;
You could hire an attorney to check all the legal aspects of the sale process to see if that is anything wrong or missing (not very likely and it would cost you);
You could work with the buyer (assuming it goes to the sale and someone buys it) on a way to buy it back (remember that is a 25% interest - on top of the purchase price and other expenses - that the tax auction buyer is entitled by the tax code).
Again, no easy way out of it, and You should always get professional advice (Lawyers, for example) to get you the best scenario possible for you.
Thanks. - Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
7e investments53 Reviews - Member since 2023 · 25 posts · 3 votes3y
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am.Unfortunately, that's not much (or an easy way) to do right now.
A few options (and it's just my opinion by attending several auctions and buying properties for a few years):
You could try to sell the property before the auction, that way you could solve the back tax and auction issue and - maybe - make some money;
You could hire an attorney to check all the legal aspects of the sale process to see if that is anything wrong or missing (not very likely and it would cost you);
You could work with the buyer (assuming it goes to the sale and someone buys it) on a way to buy it back (remember that is a 25% interest - on top of the purchase price and other expenses - that the tax auction buyer is entitled by the tax code).
Again, no easy way out of it, and You should always get professional advice (Lawyers, for example) to get you the best scenario possible for you.
Thanks.
Since you are experience in this matter. The property is worth over $300,000, can't I get someone to pay the tax and put a lien on my property. Sell the property and pay him as a partner or investor. What kind of problems am I looking at If I go this way. - Member since 2023 · 25 posts · 3 votes3y
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
The property is not being foreclosed on, the tax lien is going to be auctioned. - Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes3y
Quote from @Dele Gabriel:
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
The property is not being foreclosed on, the tax lien is going to be auctioned.you clearly do not want help in this matter. good luck
7e investments53 Reviews - New to Real Estate · Charlotte NC · Member since 2023 · 2 posts · 0 votes3y
Have you thought about selling off market?
If not, let me know I could probably take care of that for you.
- Member since 2023 · 25 posts · 3 votes3yI will contact a BK attorney. Thanks.
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
The property is not being foreclosed on, the tax lien is going to be auctioned.you clearly do not want help in this matter. good luck
I will contact an att - Flipper · Anna-TX · Member since 2017 · 71 posts · 76 votes3y
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Felipe Lois Affini:
Quote from @Dele Gabriel:
Quote from @Dele Gabriel:
I live in Texas, I owe $12,000 property tax. If not paid in 2 weeks, the tax lean will be auction. I owe the property free and clear. Ideas please. What should I do?
It has passed that stage, the tax will be auctioned if i don't pay within 2 weeks.So I assume You have spoken to the County and they declined to do a payment plan for you, is that right? And demanded you pay all back taxes at once?
Yes, that's where I am.Unfortunately, that's not much (or an easy way) to do right now.
A few options (and it's just my opinion by attending several auctions and buying properties for a few years):
You could try to sell the property before the auction, that way you could solve the back tax and auction issue and - maybe - make some money;
You could hire an attorney to check all the legal aspects of the sale process to see if that is anything wrong or missing (not very likely and it would cost you);
You could work with the buyer (assuming it goes to the sale and someone buys it) on a way to buy it back (remember that is a 25% interest - on top of the purchase price and other expenses - that the tax auction buyer is entitled by the tax code).
Again, no easy way out of it, and You should always get professional advice (Lawyers, for example) to get you the best scenario possible for you.
Thanks.
Since you are experience in this matter. The property is worth over $300,000, can't I get someone to pay the tax and put a lien on my property. Sell the property and pay him as a partner or investor. What kind of problems am I looking at If I go this way.Yes, you may have time to sign a contract to sell the property (where the buyer will pay the tax in order to remove the property from the sale) and pay you whatever you negotiate with him.
You may reach Arnie Abramson here in BP. He is one of the most knowledgeable people in that field - tax auctions in Texas - (I have participated in deals where he solved this issue of buying just before the sale).
- Member since 2023 · 25 posts · 3 votes3y
Quote from @Kenny Mayes:
Have you thought about selling off market?
If not, let me know I could probably take care of that for you.
Yes, I have thought about it
- 3yMarci MayesPro MemberReal Estate Broker · Willis, TX · Member since 2019 · 75 posts · 39 votes
To prevent the home from going to auction, the $12,000 property tax bill must be paid in full. It may be a good time to find out how you got in this situation. Will you be in the same situation next year when the tax bill comes out? You can sell the property before the auction and pocket quite a bit of money from the equity. As you stated, you could also find someone to pay the taxes for you in exchange for a lien on your property. However, if you are going to be in this same situation again next year, this is not something that I would recommend.
- Member since 2023 · 25 posts · 3 votes3yI want to pay the tax, then sell it. I won't have to be in this situation again. The property is all equity.
Quote from @Marci Mayes:
To prevent the home from going to auction, the $12,000 property tax bill must be paid in full. It may be a good time to find out how you got in this situation. Will you be in the same situation next year when the tax bill comes out? You can sell the property before the auction and pocket quite a bit of money from the equity. As you stated, you could also find someone to pay the taxes for you in exchange for a lien on your property. However, if you are going to be in this same situation again next year, this is not something that I would recommend.
- New to Real Estate · Charlotte NC · Member since 2023 · 2 posts · 0 votes3y
Quote from @Dele Gabriel:
I will contact a BK attorney. Thanks.Quote from @Chris Seveney:
Quote from @Dele Gabriel:
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
The property is not being foreclosed on, the tax lien is going to be auctioned.you clearly do not want help in this matter. good luck
I will contact an att - 3yAlicia MarksPro MemberFort Worth, TX · Member since 2020 · 1k+ posts · 2k+ votesHi Dele. I’m sorry that you are going through this. I’m in the DFW area and have a few options. I already messaged you.
Quote from @Dele Gabriel:
I will contact a BK attorney. Thanks.Quote from @Chris Seveney:
Quote from @Dele Gabriel:
Quote from @Chris Seveney:
Quote from @Dele Gabriel:
The tax lien will be auctioned in 2 weeks, If it's not paid.Quote from @Chris Seveney:
@Dele Gabriel
If you want to keep house, file bankruptcy
Bankruptcy is not the solution.Speak to a BK attorney but Bankrupty should protect the property from being foreclosed on, even a county cannot overstep bankruptcy laws. Now whether or not you wish to file is up to you, you asked the question we gave you a solution. We are a lender and have seen this 1000 times with borrowers (and have no issues with it either).
The property is not being foreclosed on, the tax lien is going to be auctioned.you clearly do not want help in this matter. good luck
I will contact an att - 3yJared HottleBusiness MemberReal Estate Agent · Cedar falls IA Waterloo, IA · Member since 2020 · 902 posts · 549 votes
Is there a redemption period where you can pay taxes plus interest and get the property back? If so why not take a HELOC out on the property pay the taxes and then pay the HELOC off.
Jared Hottle Real Estate59 Reviews - Member since 2023 · 25 posts · 3 votes3yWhat is HELOC?
Quote from @Jared Hottle:
Is there a redemption period where you can pay taxes plus interest and get the property back? If so why not take a HELOC out on the property pay the taxes and then pay the HELOC off.
- Investor · Corpus Christi, TX · Member since 2012 · 2k+ posts · 1k+ votes3y
There are a couple of easy, quick fixes here. (1) An investor will gladly pay your taxes in return for an undivided interest in the house. This keeps the house out of foreclosure and gives time to get the property sold. All an investor needs is a title search confirming there are no other liens on the property that would cause a problem when re-selling. (2) An investor can also consider doing a tax loan to cover the unpaid taxes.
- Member since 2023 · 25 posts · 3 votes3yThe only lien on the property is Tax lien. Do you know any of this investor and how does it work.
Quote from @Guy Gimenez:
There are a couple of easy, quick fixes here. (1) An investor will gladly pay your taxes in return for an undivided interest in the house. This keeps the house out of foreclosure and gives time to get the property sold. All an investor needs is a title search confirming there are no other liens on the property that would cause a problem when re-selling. (2) An investor can also consider doing a tax loan to cover the unpaid taxes.
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