- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Anybody ever buy property on civicsource?
Posted on 3/5/24 at 2:18 pm to DeepShot
Posted on 3/5/24 at 2:18 pm to DeepShot
Is that the company that "specializes" in tax sale properties? And by "specialize" I mean they advertise they can "close them," and by "Close them" they mean they just take exception to the tax sale on your title policy. Just be careful, ask questions, review everything before you sign.
You really don't want to mess with tax sales. You get them cheap for a reason. They're a pain to clear title and you may be sitting on property you can't do anything with for years until the various prescriptive periods pass.
You really don't want to mess with tax sales. You get them cheap for a reason. They're a pain to clear title and you may be sitting on property you can't do anything with for years until the various prescriptive periods pass.
1
Posted on 3/5/24 at 2:35 pm to Neauxla_Tiger
Just realize you still have lots of legal work still to be done to obtain "clear and merchantable title" usually in the costs of $5,000 give or take to obtain judgment to quiet tax titles.
Most people think they are getting these great deals and don't realize the amount of legal work to be done cleaning these things up.
Then after paying to clean it up, some lenders still will NOT lend money on tax title properties...Period.
My recommendations when someone asks me about buying one are if you can plan to hold the property for at least 10 years, like rental property, then it might make sense. Otherwise, stay away. These are not "flip" properties.
Most people think they are getting these great deals and don't realize the amount of legal work to be done cleaning these things up.
Then after paying to clean it up, some lenders still will NOT lend money on tax title properties...Period.
My recommendations when someone asks me about buying one are if you can plan to hold the property for at least 10 years, like rental property, then it might make sense. Otherwise, stay away. These are not "flip" properties.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News