Buying a tax lien from the tax lien holder
My friend bought a lot with a county tax lien. She moved and i paid her what she paid fir the back taxes. Now tge original owner is trying to redeem the property without paying the back property taxes because my friend moved out of state. But i have a bill of sale from my friend indicating i paid her what she paid at auction and county records show i paid last years taxes. Do i own the tax certificate and i can i stand up in court and make the original owner pay me back as the new lien holder? I cleaned up the proprty and removed the delapidated house. Thanks.
Thanks for visiting our site and posting on the forum. Here’s an article on tax lien and tax deed investing that I think you will find helpful. https://fitsmallbusiness.com/tax-lien-and-tax-deed-investing/
Typically, there is a redemption period that the owner who fell behind on their property taxes has, where they can pay past due taxes plus fees and interest and get the house back. The redemption period and laws around it vary by municipality. I would recommend speaking with a local real estate attorney regarding your tax lien certificate situation. I hope it works out for you.
All the best,