Posted by Dick2 on January 14, 2013 at 05:01:58 from (174.19.205.113):
In Reply to: I bought a house!!!! posted by Fullers Farmalls on January 13, 2013 at 20:02:55:
Check the state laws regarding tax forfeited property. I bought houses at tax sales in ND and received a clear title 2-3 weeks later. I resold the property without any improvements and made a reasonable profit.
I will not buy a tax forfeited property in AZ as the previous owner can re-claim it anytime in the next 6 years by paying you the amount that you paid for it. The buyer will lose the taxes that he has paid during that 6 years, PLUS any improvements that have been made to the house or property - and the buyer can not resell it in those 6 years.
Son is remodelling a cement block house and it is turning into a nightmare money pit!
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