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How can you acquire a 25 x 100 lot if there is 20 years of property tax owed on it and no heirs can be found?
Wiki User
∙ 8y ago
I dont' know how it is in all localities, but here it is a __ step process.
The county or state treasurer must declare the property taxes are in arrears. Then the property is listed in the sheriff's auction and anyone willing to pay the full back taxes then becomes the legal title holder. That has happened a number of times here to $150,000 homes with families still living in them who owed a couple years back taxes... The entire property was purchased for less than $8k.
Good luck on the property -
The actual procedure will very from state to state. California, the auction does not need to be conduct by a Sheriff and the property can be auctioned off after 5 years of delinquent property taxes. The best thing to do is contact tax collector or county assessor to about local procedures.
Local lawsYes, it depends upon local laws and regulations. The tax collector may have to meet certain standards of diligence in attempting to locate and notify the current owners, and attempting to collect, prior to filing a tax deed to the municipality. After that, the local laws may permit public sale (auction) of no more than a quitclaim deed, or may provide a "bargain and sale deed" if the payment covers the delinquent taxes.Please be aware the most property acquired by tax auction is deeded to the new owner with a quitclaim deed which does not provide the same level of ownership and protection as a normal warranty deed.
Wiki User
∙ 8y ago
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What is the Depreciation of a replacement air conditioning unit on rental property?
If the rental property is residential rental property, depreciate over 27.5 years. If this is non-residential rental property, depreciate over 39 years.
How many years back can you claim for the real property tax credit?
Property tax credit, or any type of tax return or credit, can typically only be claimed within the first three years of the relevant year. Unfortunately, there isn't any statute of limitations the other way around, and property taxes can still be collected after many years.
How soon can tax foreclosure of real property occur?
3 years after first delinquency
Can you get your money back if you pay someones delinquent taxes and they decide to come back and get the property before a years time?
The owner will have to reimburse you in order to regain control of the property.
Can you file property taxes for the last two years?
You mean pay....any payment of property taxes is applied to the earliest tax due, and interst and penalties, before current ones.
How many years before a person enters a nursing home should property be turned over to heirs?
5 yeara
What is the minimum years a person must stay in a rented house can acquire it?
There is no such time period. If you are renting you are not building equity in the property.
If an estate has been closed 42 years and it was discovered that property in the estate exists can that property be transferred to another entity?
If the estate was probated 42 years ago the title to the property would have passed to the heirs. An attorney will need to review the file and determine if the property passed under the will or as intestate property. The estates of any heirs who inherited an interest and died during the interim would need to be probated. An attorney should be able to determine what needs to be done so that you can convey good title. You should consult with an attorney who specializes in probate and real estate in your area.
When an acre of land has been lived on solely by one heir for ten years all other heirs but two have signed land over to resident heir what are the rights of the two heirs who haven't signed?
The two remaining heirs still hold legal rights to the land, even if they have not lived on it. They cannot be forced to sign over their rights without their consent. They may have the option to claim their share of the inheritance or negotiate with the resident heir for compensation. Legal advice should be sought to explore options for resolution.
Husbands grandparents died 10 plus years ago his parents pay all property taxes who owns property?
If the husband's grandparents are deceased and the parents are paying property taxes on the property, it is likely that the property is owned by the parents. It would be best to verify this information by checking the property deed or consulting with a legal professional.
What happens when land is deeded over to church property as long as to be used by church and years later the church members try to sell the land?
It reverts back to the heirs of the original owner.
What do you do when seven years after your father dies without a will and no property taxes had been paid since the year of his death the city takes and sells the property and makes profit?
The amount over the taxes and the expense of the sale should be returned to the estate for distribution to the heirs. lwpat
Why would the government essentially allow a thief to acquire the title to someone elses property?
The government would not allow a thief to acquire title to someone else's property. There are laws that allow land that has been idle and unmaintained for a number of years to be acquired by adverse possession. Also, in a land dispute the court will rule in favor of the litigant with the best evidence of ownership.
How do you change property title for parent deceased 10 years with no will?
You need to consult with an attorney and arrange to have your parent’s estate probated. An estate that contains real estate must be probated in order for the heirs to acquire legal title. As long as your parent’s estate remains unprobated you are not the legal owner of the property. The situation creates a cloud on the title.
A establishes legal right to the possession of property?
If you own a real property that abutts a privately owned street and the owners of the street died over 40 years ago and no heirs have come forward to claim the street, what are your legal rights to build or subdivide the property? The city and county was given permission to use the street for public access and no property taxes were paid to the city for the use of the street.
What to do if heirs do NT patcipate in a succession and its been 19 tears?
If heirs do not participate in the NT 19 years in succession, then you should move in court as a lawyer.
How long does a lien remain on property you don't own yet but will inherit but there is no will so the land is not in your name but it will be tied with other inheriters?
It depends on the lien. Most liens have a statute of limitations whereby they eventually become extinguished by time. In Massachusetts a mortgage lasts 35 years. A property tax lien lasts forever until it is paid or the town takes the property. You need to check specifically for the type of lien and the state.As for your inheriting the property: Once the owner dies their estate must be probated in order for title to pass to heirs legally.It depends on the lien. Most liens have a statute of limitations whereby they eventually become extinguished by time. In Massachusetts a mortgage lasts 35 years. A property tax lien lasts forever until it is paid or the town takes the property. You need to check specifically for the type of lien and the state.As for your inheriting the property: Once the owner dies their estate must be probated in order for title to pass to heirs legally.It depends on the lien. Most liens have a statute of limitations whereby they eventually become extinguished by time. In Massachusetts a mortgage lasts 35 years. A property tax lien lasts forever until it is paid or the town takes the property. You need to check specifically for the type of lien and the state.As for your inheriting the property: Once the owner dies their estate must be probated in order for title to pass to heirs legally.It depends on the lien. Most liens have a statute of limitations whereby they eventually become extinguished by time. In Massachusetts a mortgage lasts 35 years. A property tax lien lasts forever until it is paid or the town takes the property. You need to check specifically for the type of lien and the state.As for your inheriting the property: Once the owner dies their estate must be probated in order for title to pass to heirs legally.
