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How do I get a house for the back taxes that are owed? 2 new houses were built and the builder left

Profile picture for bhbf08
Contributions: 3
My neighbor told me the builder went out of business.  The houses are just sitting there.  How do I go about buying one of these ?
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June 25 - Simpsonville
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Profile picture for natewolf
Real Estate Agent

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Contributions: 1367
Most times the builder has a loan on the property (construction loan). So even if the building has stopped, it doesn't mean a bank does not still own it. If you want to look into which bank may own the property, contact a local Realtor. I don't specifically work in Simpsonville, but my office is a member of the local MLS, so if you'd like assistance, contact me via my profile.
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June 26
Profile picture for scguy101
Real Estate Agent
Contributions: 40
It takes a lot of time and patience trying to find houses at tax sales and most the time you are bidding against investors with cash money!
However it is not impossible to get a house 30 40k off let me know if i can help you look for a good foreclosure property!

Jason Robu
Joy ReaL Estate
864-787-5694
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June 26
Profile picture for markbrian
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Since October 2009

A very important thing to be aware of is the one year right of redemption period. Also you will have a tax deed, which you will need to get an attorney to clear up for you.
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June 26
Profile picture for FriendshipProperties
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Since April 2009

From what I seen, you need to wait about 5+ years before the gov. forecloses.  Then you can go to the auction and have a bidding war starting at the amount owed.  Unfortunately, I doubt you'll be the only bidder for at a $3,000 auction.
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June 25
 

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