Updated over 9 years ago on . Most recent reply

Why do People sell their Home Because of Back Taxes
How come people sell their homes because of back taxes, to individuals for a deep discount. They only ~15k in taxes to their municipality? Why don't they try to sell it themselves before going to investors who will discount their property? I never see a forsale sign in the yard.
I am trying to think of reasons:
Short Time Frame being being auctioned off
That's all I could think of, do you have any other reasons?
Most Popular Reply

Often people who cannot afford their taxes, also cannot afford to maintain their properties. It can cost more money to get a property retail ready than the owner has. An investor helps them out of this situation by taking on the repairs, in exchange for a discount on the property.