Hello everyone, today I ask here today for some expertise and advice on how to handle a situation or proposition I have infront of me today.
My neighbors house whom I oversee and caretake for while he's living retirement off in another part of the country has been going through a legal battle to regain sole title ownership of the house next door due to some fraudulent pracitices one of his family members took.
With that being said, he now has clear title ownership back, with deed, but has now seen that the property has back owed taxes of approximately $27,000.00! And has been informed by the county that they will foreclose on this property at the end of this month.
I have in the past mentioned interest in this house, and since the property will be lost at the end of this month due to his inability to repay this large ammount of money, a proposition has been offered to me for this house.
If I am able to pay off the backdue taxes of 27k, he will sign over the house to me without any additional charge. Its value greatly exceeds the cost of the backdue taxes so this looks like a great opportunty that can't be passed up but am wondering what steps I should take to make this process as smooth as possible?
We live in the state of Texas and am in need of some good advice or where to seek this advice ASAP so that I do not miss this opportunity presenting itself to me at the end of this month.
So some questions that I have thought of..
Can you purchase a house with a Tax Lien Currently on it?
Should this purchase be made through a Lawyer or could any realitor write up the paperwork?
Should I be looking for any more specific information?
Thank you again for your quick / expert advice and cannot wait to hear from some of the great contributors on this forum.
