April 29th, 2010
Bought $75000 property at tax sale for $5000. Now what?
What is the fastest way to turn this property for a quick profit?
Listing with RE agent is one way..but is it quickest?
NC. There is a 10 day upset period after auction date. After that sale is final…no more redemption period!
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Filed under: Buy Property
I don’t know what state you are in but in some states the former property owner has the option of paying you exactly what you paid for the property within a specified period of time and gets the property back. Likely you have a sheriff’s deed which is not exactly a clear title.
Dependiendo de sus leyes locales puede no tener mucho valor apenas todavía. En muchas áreas la persona que perdió el hogar a una ejecución de una hipoteca del impuesto tiene 6 meses o reclamarla tan pagándole qué usted pagó la casa en la subasta más algunos pequeños honorarios.
Si eso es verdad en su área entonces nadie querría pagar mucho apenas perderla toda. Usted puede tener que esperar hacia fuera el período de rescate.
If u hold the mortgage on the house you’ll make more money in the long term that way. but for a quick buck you can post it on craigslist.com or list it with a RE agent