You will own nothing and be happy
While I think the 70 year old women was wronged, I would imagine she could have gotten a home equity line of credit with which to pay the tax bill.
Town wants to seize our railroad ground for a bike path. We sell stone from the property my retirement
Note to self: Pay taxes.
She should have paid her taxes.
bkmk
In Texas delinquent property owners can turn to private enterprise who will pay all your delinquent taxes, secure a lien against your home, and allow you to make monthly payments.
You pay a lot less interest than the interest and fees the state charges you.
I suspect this woman, for whatever reason, refused to pay the measly thousand bucks she owed the state and then owed that tax lien firm who bought the debt.
Sounds like she brought his all on herself.
Very confusing. We only see the actual figures from the SC Tyler case. How many years ago did the lady leave the $1600 in taxes unpaid? Was she warned that the municipality was selling the lien and the buyer might exact some serious finance charges?
But I agree that she should keep any sale proceeds over the amount owed and the fees. What did the house sell for?
What an outrage.
Property taxes should be abolished.
I can believe it! There are people who constantly do searches of property files looking for people who have forgotten to pay their taxes. They then pay the tax and after so long claim the property is theirs. One of the men I worked with had that problem with someone claiming his property.
Our family has 40 acres no one has lived on for 40 years. I keep the taxes paid and notify all family members the tax has been paid.
Yet I keep getting letters from various land companies wanting to buy that property. I got two letters last week, and three letters on Monday. The property is 25 miles from the nearest town in the middle of the Ozarks. The whole family has agreed not to sell.
I’m sure we will certainly be priced out of our 30plus yr home since we don’t have big fat govt pensions....perhaps we will have to divorce and only partner’s income will be counted to look “poor” enough...
Should never happen
Need more information re why she didn’t pay her taxes. What is her financial status re income, deductions, health conditions, etc.?
Perhaps the State could set up a fund from fines frpom civil & criminal cases to cover “needy persons taxes, etc.”.
I know that some cities/states have such a “rainy day fund”.
What does ARIZONA HAVE, IF AT ALL?
If this woman is not mentally handicapped or drugged up or similar, this is her fault. Thousands of properties a year get sold to people who paid the back taxes on them, it’s a very common no-risk investment. Most small investors make it because the govt pays a good interest rate, at least they did when I worked on tax valuation protesting. The vast majority of properties acquired this way are usually so worthless people just stop paying the taxes and wait or them to go away. I know a guy who jumped on 400 feet of frontage on the Blue River in Colorado for a few hundred bucks in back taxes. He got it. Went to see it, only way to access was from the river and the piece was about 4 feet wide and in the flood plain. It probably originated as a “vacancy”, an opportunity to hunt for cheap oil/gas rights, etc. Old ‘Land men’ will know what I’m talking about. All the good ones have been found by know I would think.
I was looking at a house (that I subsequently bought) and there was an abandoned property next door. The house was of no value and the property was a junk yard. I did some research and found out it was in tax foreclosure. I bought the acre of land for $762. I cleaned up the lot and last year, after finally getting the tax deed, had the house torn down and removed. I did a title search and there are no liens on the property. I found out later that the daughter of the woman who last owned the property (and died) let this property go over a $250 A YEAR property tax bill. That’s crazy.
This never should have been allowed to happen in the first place.
How then does the government entity then collect the taxes used to run the entity. Here is how it works in Alabama. If taxes are delinquint on the first of the year about 5 months later if still not paid the property goes to auction. for the price of the taxes due. The one that bids for the lowest interest on the taxes anywhere from 0% to 10% paid wins. The bidder then must maintain paying the taxes for 5 years after that time. If the taxes have not been redeamed plus the interest rate within that time, he then has the right to the property. I think that is fair to everyone.In other words, if you can’t afford the taxes, you have five years to sell the property and keep your equity.
Forgive tax debt, for the same reason they want to forgive college debt
wanna free house????
this guy figured it out.
Must Watch
sounds on pic.twitter.com/CFMDU96Ht1— 🅰🅼🅴🆁🅸🅲🅰 🆁🅴🅰🅻 (@AmericaReal3) February 13, 2024