The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (7967)	1/7/2003 3:41:50 PM
From: MSI	Read Replies (2) of 306849

That means "don't pay your taxes, your home is confiscated". but the original owner can pay the 18% to the person who bought the cert to keep them from forclosing and taking your property and redeem the certificate. It doesn't matter if you can somehow pay the tax and keep it -- if the state taxes you beyond your means, you're out, period. A buyer of the tax lien comes along, takes the ppty, and either forces you to pay or gets the sheriff and kicks you out. The state is out of the picture by then -- they got their taxes, and you lost your home.

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