Profile picture for user6276330

If nobody has documentation on a home, can I pay taxes and have a vested interest?

There is a house that has been vacant for 10 years when the owners just left.  One bank owned the property but liquidated it to Bank of America.  Bank of America says they have no documentation that they have the property but yet they are listed as paying the taxes on it lasty year.  Can anyone help me please????!!!!!!!!!!!!!!!! Any advice would help.
  • April 12 2013 - Estes Park
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Answers (5)

Profile picture for blue screen exile
Since you claim the taxes are not in arrears, I have no clue what taxes you think you would be paying.  What would be the point of overpaying a tax that was already paid?

As already mentioned in the prior posts, it doesn't change the Property Title at all.

Of course the county records states who owns the property.  It doesn't make a bit of difference if an owner chooses to leave a property vacant for a decade or longer or not.

There is a 10 yr plus vacancy near me too, but not bank owned... the son & daughter inherited it from their parents, and they can't agree on what to do with it, so it sits empty, partially cleaned up by the city, and fenced in by the city, with a city "contractors lien" on the title for their "clean up" work.  The city gave proper notification to the two owners prior to doing the work, and the owners chose to do nothing.  The owners own it outright, and pay the taxes, so it is not going to go to any public auction.
  • April 13 2013
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Your local county assessor should be able to tell you if the property taxes have been paid, although it won't tell you who paid them.

With regards to your primary question, google "tax liens".  Many counties offer tax lien sales once or twice a year.  It allows the purchaser to pay the delinquent property taxes.  In some states, if the delinquent tax isn't paid within x years, the purchaser can begin foreclosure proceedings.  I understand that tax lien investing can be profitable but it isn't for the faint of heart...

Good luck!
  • April 13 2013
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Profile picture for JoshBarnettREIB
Check with the county assessor.
  • April 13 2013
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My advice is: give up the idea that you can buy a barrel of gold for a few copper coins. The fact is, you can only gain title to the property by deed. BOA doesn't need to have any documentation, the last recipient of title is a matter of public record.

All the best,
  • April 12 2013
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Help you do what?

If the bank is paying the taxes, they are the legal owner- regardless of whether they say they're the owner. It's possible that B of A doesn't own the property but is servicing it for another lender.

It would be awfully nice of you to pay the taxes on the home. But that doesn't give you title.
  • April 12 2013
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