If I Pay Off The Back Taxes On A Home, Will I Own It?

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9 жыл бұрын

Here's this week's viewer question. "If I pay off the back taxes on a home, will I own it?" Not quite. Watch today's Real Estate Minute to find out why.
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Пікірлер: 117

@rickyo8145 6 жыл бұрын

Don't forget the investor has to evict the owner or renter from the property.

@spookyvegan1402 13 күн бұрын

I rent from my landlord who owns this house & I just was told by text from my landlord that the new owner of his house that WE both have to leave at the end of the month this is 3 weeks away - I didn’t even know that this situation was going on

@flippingforreal109 5 жыл бұрын

Not in the state of Florida if the taxes aren't paid by the owner the house or property goes up for auction, the initial invest gets their money back plus the investment. Or if no one bids on it at auction that is the only way the investor gets the property. These things are different state to state. and county by county

@juanfranco2527 4 жыл бұрын

Hi, I like your info. How can I find auction from Florida?

@ipickplanet9067 Жыл бұрын

My question is how do they know who paid the taxes? How do they know rather it was the owner or third party? Especially if it’s done online.

@tyshiddejuremanbey1313 5 жыл бұрын

That was EXCELLENT, Peace, and Love!!!

@hardyharharv Жыл бұрын

Short and sweet. Thank you

@chuckfinley8562 5 жыл бұрын

Can I buy in a form of a trust? Thank you for your input. Love the.video.

@intruderIG 6 жыл бұрын

Caution: This is not a sale of real property. It is a lien for the amount of delinquent taxes plus interest and other fees. Contact with property owners initiated by certificate owners to encourage payment at any time is not recommended. Contact or behavior of a certificate holder deemed unfair or deceptive may result in criminal prosecution. An "Action to Foreclose" filed in the Superior Court three years from the sale date is the only method to compel payment.

@marcw.5492 Жыл бұрын

Im reading in Palm Beach County Florida that holding a lien certificate does not mean the holder will receive title to the property - the property goes to the highest bidder ? My question then is does the tax lien holder still get paid ? I would think so.

@lisagunter7205 5 жыл бұрын

Thanks so much for the video

@wordface 5 жыл бұрын

You never really own your house anyway because you always have to pay taxes that pretty sad but true

@lisagunter7205 5 жыл бұрын

Exactly.just don't pay taxes and you find out who it REALLY belongs to

@AAllen1991 Жыл бұрын

Same bout a car but I rather pay taxes than rent and mortgage

@ipickplanet9067 Жыл бұрын

My question is; how do they know if the property owner paid or the third party paid? Especially when it’s done online.

@ExpertRealEstateTips Жыл бұрын

You (the owner) have to check

@soupnfresh Жыл бұрын

@@ExpertRealEstateTips They meant regarding certified paperwork the courts will need from the assessor's office to determine who made the payments.

@Fusion008a 3 жыл бұрын

How about when the Tax assessor sells the property for more than the taxes owed, but does not remit the original owner the difference but just pockets the difference as in Michigan and now Massachusetts? Which amount is owed the tax amount or the actual amoint given to the State?

@JasmineGee 2 жыл бұрын

Actually there is a such thing as surplus funds in Florida. Not sure if it’s the same for MI & MA. Once they sell the home at auction, the original owner of the property is due to the excess. But the catch is, you only have 120 days to claim the excess. If not, the county retains the funds forever.

@Andros.G 2 жыл бұрын

Hi, I might be a few years too late to ask. But what if the property doesn't have anything built on it? If the property is just a small fenced up lot, and nobody lives on it, is it smart to pay for their delinquent taxes? what would be the downside of this particular scenario?

@cheysworldd 2 жыл бұрын

The only downside is if that person pays their taxes within 2 years if I’m reading your questions right and it would only make sense to get the property if it’s in a good area or a lot of other things can go into it

@ygbodybuilder3023 3 жыл бұрын

So let me get this straight. If I pay off a random person's property tax that is past due. Now they owe me? And if they don't pay within two years I now own the home?

@xenosworld5176 3 жыл бұрын

Yup your basically kicking an innocent person who’s trying to pay their taxes out their house

@ahmadshawakha3054 3 жыл бұрын

@@xenosworld5176 well at this point everyone is on their own lol

@939jwright 3 жыл бұрын

So after you pay the back taxes and the 2 yr period passes, you own the home outright with no mortgage payments at all? Or would you just take over the home loan?

@xenosworld5176 3 жыл бұрын

@@939jwright you never fully own the home the bank can screw you over anytime

@ygbodybuilder3023 3 жыл бұрын

@@939jwright well paying for the tax lien is paying the back taxes

@erichoward5433 Жыл бұрын

Why do I constantly get phones and texts asking me if I want to accept a cash offer on three properties that I don’t own?

@Octavio516 2 жыл бұрын

How do you find these houses.

@tapedtothewallXD Жыл бұрын

We’re do you do this

@queensjustice6640 3 жыл бұрын

WHAT About Taxes a person is unaware of ? Due to someone else used their information to pay off someone back taxes? THEN , this persons discovery their names listed within the county within these same 2 years as either owning the home or said to have paid off Tax Liens??

@ItsMercerBaby 3 жыл бұрын

Oh Well

@mr.newlife8094 Күн бұрын

So does the property have to be under Foreclosure to do this or not?

@pollymex7000 5 жыл бұрын

What about other liens on the property? From small claims, mortgages, or whatever else? Would I be liable to pay them? This doesn't seem to get mentioned in any information about tax deeds.

@autisticseaotter Жыл бұрын

It won’t get past the title company until all encumbrances are paid so you won’t be able to close without everything being paid off. At least that’s my understanding

@travishudson6178 Жыл бұрын

I know its been a few years but I found this video wondering about this exact same question specifically HOA dues that might be owed and attached as a lien and you are correct. Not one single mention of this from the person making the video!!

@elmyra.jackson 6 жыл бұрын

I have paid the property taxes on land left to my deceased Father and all his deceased siblings for the past seven years. Is it possible for me to obtain ownership of this land now?

@alexanderk7422 6 жыл бұрын

Miss Elmyra... Is it possible to obtain ownership?...That depends. if you were simply paying the taxes (and can prove it) you may have a legitimate claim but you don't own property yet... The problem is that you were keeping the property in good standing with the local municipality so, in their eyes, whom ever the previous owner was is also in good standing albeit deceased. If you physically have the deed and your fathers death certificate as well as all receipts for paid taxes under your name... you have a good shot at having ownership transferred to you. My suggestion is to talk to a local attorney because these procedure vary greatly depending on where you live. Be careful! People get extremely shady when it comes to real property in which ownership is up for debate.

@elmyra.jackson 6 жыл бұрын

Alexander K Thank you so much! This was very helpful!

@IsmaelBLopez 5 жыл бұрын

In Texas real property statutes provide several ways in which a property can be conveyed to an heir when the previous owner died inteste (without a will). One way is to use a Small Estate Affidavit. Another way is to use an Affidavit of Heirship. However, that Affidavit of Heirship may take up to 5 years before the property can be conveyed to the heir. You should check your local County Clerk or website to see if your State provides such legal remedies for your situation. Hope everything works out for you.

@sorrygobbler32 3 жыл бұрын

@@elmyra.jackson how did it go?

@elmyra.jackson 3 жыл бұрын

@@sorrygobbler32 It's still not resolved! I spoke with an attorney and the cost just to research the owners of the land is thousands of dollars which I do not have. I will continue paying the taxes for now. All of the tax receipts for the past 10 years are in my name.

@baconluver2000 3 күн бұрын

How do you know if there’s an error? Is there a way to ensure everything is legit before paying taxes

@DoorDashers791 3 жыл бұрын

You will actually never own a home because of taxes. If you don't pay the taxes the house will be awarded to the city.or state..that's why I will never purchase a house not in this lifetime anyways..unless they do away with land taxes..

@sumtingwongnow Жыл бұрын

Yeah right how’s that going ? Instead what rent a home? Help someone else pay their taxes on the property you’re living at by charging you rent? Come on buddy you’re paying property tax no matter where you’re living it’s either your tax or someone else’s.

@adamwoodie4029 Жыл бұрын

I bet you own a car though..... In order for you to remain logically consistent with this comment.... You would have to not own any personal property

@DoorDashers791 Жыл бұрын

@@adamwoodie4029 I don't own nothing so there's nothing to control with taxes.

@B1gBossMan Жыл бұрын

@@DoorDashers791 you pay taxes one way or another. And you will watch home values 2× 4× 8× and 16× in 40 years from your trusty ol tent.

@AKDissident Жыл бұрын

Just live somewhere where they don’t have land tax like in Alaska

@ELCLAVE300 2 жыл бұрын

I have a property that I am supposed to inherit. The taxes haven't been paid in years and it is currently up for auction. I was told by the assessor that I can't do anything about it until the end of the auction. If no one buys it. I can go ahead and pay the taxes and the property will stay in the family. Is there anyway out of this?

@UdayBhatia 2 жыл бұрын

Well I am late but You can just let the auction complete then instantly pay off the taxes to the guy who paid it in place of you So basically you paid it to the city

@ELCLAVE300 2 жыл бұрын

@@UdayBhatia Well luckily for me the property didn't sell at auction. So I was able to go ahead and pay the taxes and bring it up to date. Now all I have to do is a quit claim deed, to transfer the property to me.

@UdayBhatia 2 жыл бұрын

@@ELCLAVE300 good stuff man Lucky you didn’t loose it incase the guy was like nah I won’t accept it Then you gotta fight it in court to make him drop the lean idk what it’s called exactly and accept your payment of the taxes

@spookyvegan1402 13 күн бұрын

And- WHAT if you are renting inside one of these houses?? What happens to the renter? Cause my landlord didn’t pay his taxes on his house

@newlifecorporatefinanceser3646 5 жыл бұрын

We JUST found that our landlord hadn't paid property taxes, so they will be auctioning this house we are renting. Can I take ownership by the taxes at the auction?

@sarahkowalski3498 3 жыл бұрын

Hey! Checking up on you... what ever came of your situation? Were you able to claim the property at auction?

@draugeniron983 3 жыл бұрын

yeah give us update

@alexburboa5895 3 жыл бұрын

update?

@casendamien8809 2 жыл бұрын

instaBlaster.

@iferg-yt7560 2 жыл бұрын

Update

@Razntoons 6 жыл бұрын

I have a question for you can you sell a house 🏠 before u have it appraised and the title searched?

@ConamaraCounty 9 ай бұрын

Presumably a Mortgage would be a registered lien, this liability will still be outstanding to the new owner?

@Razntoons 6 жыл бұрын

I already Follow😉

@Razntoons 6 жыл бұрын

Don’t worry I will follow u😉

@ok-qx8ez 6 жыл бұрын

Rarereed Greenfield lol

@chrisniles1306 11 ай бұрын

i ended up getting rheumatoid arthritis and haven't been able to work. someone is trying to do this to me right now.

@jenniferrogers2624 8 ай бұрын

I live in missouri. My husband and I own a trailer we put on his parents property. They told us just pay them X amount every year for the taxes and we are good. Well things went sour we left and left the trailer there. A year later I went to pay my personal property tax and they said well you own for a trailer for X amount. I said no ma'am we dont iwn it. The trailer never had a title only a bill of sale and filled her in on the story. Well after an hour of argument they finally determined I didnt own anything. Its was just my inlaws being their normal ignorant self.

@yvetteh5098 3 жыл бұрын

Wow-

@carmella88 2 жыл бұрын

Anyone know what happens when grandma moves into a nursing home. Paid off home property taxes delinquent. Can someone pay the taxes and end up with her home ?

@yakzivz1104 2 жыл бұрын

yes if the government does not auction it off first.

@carmella88 2 жыл бұрын

@@yakzivz1104 but if the taxes are paid by the person it could go to them?

@yakzivz1104 2 жыл бұрын

@@carmella88 Yes but double check state laws. Your individual state will determine how long the homeowner will have to pay you back for the taxes.

@klassycountryk Жыл бұрын

This is a sticky situation because depending on who is paying for Grandma to be in the nursing and whose name is on the deed along with how long their name is on the deed, that property could go to the state regardless. If Medicaid is paying for her nursing home and her name is on the house, they could take ownership since they covered her stay in the nursing home. If she switched it to someone else's name, there is a 5 year(?) Period that if she passes away, Medicaid/the state could come take ownership of the house. I recommend getting with a lawyer and discussing the specifics

@carmella88 Жыл бұрын

@@klassycountryk thank you unfortunately my grandma passed away in January. She was only in the nursing home 3 months and now her house is in probate. Its a slow process. Sad

@nobodyisprfct 2 жыл бұрын

It's a joke to believe you own any property considering property tax is required!

@jeffreyblue5957 5 жыл бұрын

This is only in a Tax Lien State.

@goodday104 3 жыл бұрын

Exactly

@Raiden-the-Goat32 Жыл бұрын

Property taxes should be called once a year rent. Reason for this is if you have to pay someone to live somewhere that is rent. I don't know anything that i actually own that i have to pay once a year to keep. This does not apply to my clothes, my TV or my ps4 or anything else i own. Honestly i don't own a house because i pay rent. But does the supposed home owner's actually own their home ? Answer no they do not. Property tax is by default unjust.

@curtisrandolph1887 2 жыл бұрын

The government will always be the actual owner. Your fighting over who gets to be the Tenant. The original property owner was killed and the property stolen. The Government. The tenant is sold(actually rented) this property. They think they own it. The reason the government put a tenant on the property is because if the property is not income producing (taxes) it is a liability. Now the deal is sweeter for the government than it is for a Landlord. A Landlord is still the first renter. They will insure, maintain, and pay the taxes. They will pass on the expenses to the tenant. The government being the ultimate owner just collects the rent while everyone else pays and does all the work. You can’t win. We are all tax slaves on a big tax farm.

@crystalsanders4334 5 жыл бұрын

Please help I lived with my common law since 1988 and now he died in March 2018 and now the family sold the house and his niece promised me $50,000 and $10,000 relocation fee for the Taxes and Mortgage and fire insurance I paid for years. Yet when Louie got on Disablity cause he could not work anymore I been paying the Mortgage and taxes for years(Since around 2010). I got proof payed it through the Banks. Now they changed everything and told me they would give me only $2,000 to relocate. And said the lawyer said she had no right to offer me that much cause Louie's son who is in prison for a drive by shooting and the say. I was told he has no rights as long as he is in prison. It is the reason they sold the House(Cash only) cause no Will. Probate Courts told Niece who has power of attorney has a small window of opportunity to sell. Or it goes back into Probate. The son in prison will never consent to the money she offered. California does not acknowledge Common-law. They only gave 3 days to move out. Heard a Friend says his brother stopped payment on Mortgage He paid it off and moved in. Paid on it for years then his brother took it to court to get house back. Courts would not give him house back cause his brother paid taxes for years.What can I do? 3 days is not a lot of time for my son and I to relocate our selfs. Please your advice is much appreciated. My son and I are on Disbality and price of living in California is very high. They are actually throwing us in the streets. With $2,000 relocation fee when in reality it is much more. We were to stay here for 6 years and pay mortgage until he gets out of prison. But it all changed.

@cybil4152 6 жыл бұрын

Crooks

@k-9lover5349 2 жыл бұрын

NOOOOO..is the answer...

@williammorris3815 18 күн бұрын

“The investor” slime all is more appropriate. Fricking property tax is bull crap.

@Datacorrupter234 Жыл бұрын

you can never own any land in america. the governement owns it you rent it. my property taxes are 13,000$ on a 5,500 sqft lot 2000sqft house. this is 1000$ a month rent

@garyrosson4818 11 ай бұрын

Theft.

@sean7058 4 жыл бұрын

This video is miss informative you pay taxes you dont own (mmh k) or do i have to break out the ooga booga language if you pay for somthing to another party its not yours