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How to Buy a House Using a Real Estate Tax Lien

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From Quick Guide: Property Tax Overview

Summary: When buying a house with a real estate tax lien, hire a real estate lawyer to place bids, and get a proof of funds for the mortgage. Learn about how buying a house with a tax lien is a very complicated process with information from a real estate broker in this free video on house financing.

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By Penny Smith
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Penny Smith has been in real estate for more than 14 years. She has a degree in architectural design and has received buyer and seller associate training, as well as CMA Training. She...read more

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Video Transcript

"Hello, my name is Penny Smith, and I'm a North Carolina real estate broker. I work for Live Oak Real Estate. I'd like to talk to you today about how to buy a house with a real estate tax lien. The property that is on...up for sale because of a tax lien is a property that is sold on the courthouse steps. I highly recommend that you purchase...that you go and speak with a tax...a real estate attorney that will help you to buy that property. It's very complicated. It's placing bids, and it's also required that you show proof of funds that you can purchase the property and that you can also come through with the mortgage. So I highly recommend... Real estate agents don't typically represent clients that are buying it on the courthouse steps, so I highly recommend, actually, that you find a good real estate lawyer attorney that can help you to buy that property. Thank you, and I hope you have a great day."

eHow Article: How to Buy a House Using a Real Estate Tax Lien

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