I’ve heard of places doing this but yet I don’t see how or why they would do this. Esp when some people only owe 5k-10k.
If this is true, I personally can’t see selling a 100k house for 5k.
Related Blogs
- States’ back taxes get back-filled with federal dollars
- Will Paris cafes come back now taxes are lowered? | ginamallet.com
Related Blogs
- States’ back taxes get back-filled with federal dollars
- Will Paris cafes come back now taxes are lowered? | ginamallet.com
The towns will try and auction off the house for as much as they can get for it.
The houses as auction usually go for much more than the taxes due, unless they are falling down.
yes
but does it happen often
no
why ?
because foreclosures are public record
so at the auction people WILL show up to bid on a property cheap
and they will drive up the price
eventually at a pretty decent but still below current market value, price
just like eBay.. too bad there is no bid sniping in real life