Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Cvengr

the owner, apparently, owned the house outright. The article says he paid cash for the house 20 years ago.


7 posted on 09/07/2013 11:49:59 PM PDT by RC one
[ Post Reply | Private Reply | To 5 | View Replies ]


To: RC one

Agreed, but he is still liable for the tax lien.

The local government usually has mechanisms to enforce their property taxes by selling a deed to the property to collect taxes.

The tax lien is generally considered the primal lien on real estate.

As the full owner, he simply had a debt to be paid off.

The remaining equity in the house should be his property.

It appears he lost it because the winner of the tax sale, didn’t pay but a fraction of the real estate value. The government probably returned the balance of that sale to the original owner, but the balance wasn’t for the full market value, as the property was sold within months for hundreds of thousands more than the tax sale.

The local courts will likely enforce the sale as publicly valid, in order to remain solvent.

IMHO, his best recourse is a civil suit against the winning bidder for the balance of their sale minus the value of their work to sell the property.


15 posted on 09/07/2013 11:58:52 PM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: RC one

Right, and you know the county got more than $134 from the sale. So what happens to the rest of the money? Free profits for the government from stealing the property of the citizenry.


21 posted on 09/08/2013 12:13:34 AM PDT by Boogieman
[ Post Reply | Private Reply | To 7 | View Replies ]

To: RC one

ridiculous. you own property yet the state takes it from you over $134 bucks. like they have the right to sell your house from under you. incredible times.

reset coming.


34 posted on 09/08/2013 1:07:56 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: RC one

If I would have known, I would have loaned him the $134. Where is the community?


87 posted on 09/08/2013 7:48:04 AM PDT by ican'tbelieveit
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson