The title company should make sure that the purchase price is adjusted for outstanding taxes during the closing.
I bought a foreclosure about a year and a half ago. You should also be aware that they are generally sold "as is," so make sure you have the property thoroughly inspected before you commit. Lee Allan Streib wrote: > No experience. I'd say be sure you know if the property taxes are paid > up, so you're not surprised by extra thousands in back taxes. > > The first house we bought was a bank-owned property, but the foreclosure > was already complete and we just bought it from the bank, a totally > normal transaction otherwise. > > Allan > > LWB250 <lwb...@yahoo.com> writes: > > >> Anyone up to speed on buying a foreclosed property? >> >> We are looking at one in our old neighborhood that is about to go to the >> courthouse steps. I have a local real estate attorney (friend and former >> neighbor) who I am going to be discussing this with in detail shortly, but >> was curious as to if anyone on the list has been involved in a foreclosure >> purchase... >> >> Dan >> >> _______________________________________ >> http://www.okiebenz.com >> For new and used parts go to www.okiebenz.com >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> > > _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
