In many cases, we see good people that for numerous reasons got behind on their taxes. Could be from bad economic times, loss of job, inherited a house they couldn’t afford and many more. By the time someone calls us, the house is in Tax Default. This means they may have received one letter or many letters from the Tax Assessor, or maybe IRS. Finally they will receive a final Notice of Sale, usually giving them seven days to pay all the back taxes, or have the house sold on the court steps. The Assessor’s Office doesn’t care if you have equity or not, they will sell it on this Date. In order to stop this sale, there may only be one or two options. Some having to do with filing BK or pay the Taxes. Even the BK may not work depending on circumstances. We come into these situations many times and have saved sellers by paying off taxes and buying the house from them. Many times, the seller will get most of the equity from the house, or if no equity, break even with little cash and saving their credit profile. Still beats losing the house and getting nothing. We work hard for our clients and always work for win win.
