Buy/Sell Tax Delinquent Property

Tax delinquent properties are commercial properties that have been previously paid for a number of years but have not been paid by the IRS on time. In some cases, a homeowner may have been delinquent on property taxes for years, only to see his property foreclosed and then resold at a low price. In some cases, a tax delinquent property may be an old structure that has been used to house a tenant, resulting in a foreclosure. Tax delinquent properties can be a source of great profit for a real estate investor.

For many real estate investors, paying back taxes may seem like a daunting task. There are many reasons why an individual or a business may be behind in his or her payments. Sometimes, tax lien holders will take legal action against an owner if they fail to pay the taxes. In many cases, a tax lien holder will take possession of the property.

Although foreclosures are expensive, and there are few properties that can be purchased at a fraction of their value. Foreclosure, however, is not always a bad thing, as long as the investor makes his or her due diligence before purchasing a tax delinquent property. If an investor is working with a lender, a professional real estate attorney can assist the investor with the process. The attorney can advise the investor on how to purchase tax-delinquent property without being a financial risk.