I have heard about tax sales but never looked at the potential in detail but a friend just informed me that someone he knows inherited his parents home and because there are back taxes due he plans on just walking away.There is about 30 days until the county steps in and takes the property. (three years of taxes) I have tried tracking him down but he has left the area and the neighbor says he has not been at the house in six months. SEV on it is 80k. Looks pretty good from the outside but not sure on the inside but with that much upside it doesn't really matter. It is in town and sits on a bluff overlooking the river. I thought there was a process of paying the taxes and taking the owners position and if he doesn't show up for some period of time after the deadline the property becomes mine? I live in Michigan and would appreciate any advice! Thanks, Brad
I have heard about tax sales but never looked at the potential in detail but a friend just informed me that someone he knows inherited his parents home and because there are back taxes due he plans on just walking away.There is about 30 days until the county steps in and takes the property. (three years of taxes) I have tried tracking him down but he has left the area and the neighbor says he has not been at the house in six months. SEV on it is 80k. Looks pretty good from the outside but not sure on the inside but with that much upside it doesn't really matter. It is in town and sits on a bluff overlooking the river. I thought there was a process of paying the taxes and taking the owners position and if he doesn't show up for some period of time after the deadline the property becomes mine? I live in Michigan and would appreciate any advice! Thanks, Brad