.HacK
Allied Member
Posts: 523
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Post by .HacK on Mar 8, 2009 4:10:37 GMT -5
Im interested in how this works and was wondering if any of you have tried it?
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Post by -Jackson- on Mar 8, 2009 10:26:00 GMT -5
not a clue, foreclosure is not a word in my vocabulary. That's like admitting defeat.
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Post by USPReagan on Mar 8, 2009 12:03:41 GMT -5
I think he's talking about if you go and pay someone's back taxes, they have so long to pay the person who paid the back taxes, and if they don't, the person who paid them is the new owner. Fucking shady shit if you ask me.
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.HacK
Allied Member
Posts: 523
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Post by .HacK on Mar 8, 2009 21:47:42 GMT -5
hey dont blame us cuz the government is greedy
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Post by USPReagan on Mar 8, 2009 22:05:31 GMT -5
So you have no problem just taking away a mans house cuz YOU'RE greedy? Ok man, enough said.
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Post by [USP] -Adams- on Mar 9, 2009 9:37:22 GMT -5
My question is, Richie do you have any back taxes you need paid? LOL
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Post by .Bunk. on Mar 9, 2009 10:21:31 GMT -5
I actually tried to buy a property in this manner and I am looking at a house that is also about tobe forclosed on.
The way it works in PA is that if you owe back taxes, they place a little flag on the street side of the property, this flag is green and has a paper displayed in it with the information for the auction. Unless the owner pays the back taxes, it goes to auction and anyone can bid on it. They include the taxes in the bid and the value starts low.. That is how i was trying to get the undeveloped property across the street from me.
There is a house that my wife is looking at now that is about to be forclosed on, unfortunate as it is, it's a buyers dream market right now. I may get the house for 250,000 below what the owner paid for it. It'll cost me 170K.
The Tax forclosure is a bad way to lose your home, since taxes are a couple grand a year. But the worst way is to not be able to make the mortgage payment and have to lose it. I think a lot of people got a mortgage bigger than they could really afford and when things get tight the money just aint there. It's messed up cuz alot of times there is no deferrment plan for home owners unless you come to an agreement with the bank..
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Post by USPReagan on Mar 9, 2009 11:01:44 GMT -5
I don't have back taxes, but I DID have an issue last year with my property taxes.
See, my taxes are escrowed into my monthly mortgage payment. So it's up to the bank to pay my taxes. The bitch in charge of that was slow on the payment last year. Took me 2 fucking hours of playing phone tag to straighten it all out.
That's the only reason I got touchy about it. Someone could actually think their taxes are being paid, and they aren't. If you KNOW they are past due and just said fuck it, that's a different story.
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Post by [USP] -Adams- on Mar 9, 2009 11:13:55 GMT -5
Richie you could always go to vegas and bet all of your savings on the Cubs to win the World Series. I have a feeling they are due.
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Post by USPReagan on Mar 9, 2009 11:49:39 GMT -5
Well, since the market crashed and my 401k isn't worth the jizz it took to produce you I'm guessing that even if they DID win my return would be about $5. Lol.
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.HacK
Allied Member
Posts: 523
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Post by .HacK on Mar 11, 2009 6:44:28 GMT -5
hey bunk where did u get the info on the houses and how much
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Post by .Bunk. on Mar 11, 2009 8:26:52 GMT -5
Normally, local realtors can get that all for you.
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