[Cob] buying real estate for taxes

[Deanne]

I intended to post this to the list and instead only sent it to Wesley - sorry everyone! - here's the message, in case it's helpful to anyone:
  --------------------------------
   
  Thanks for the run-down, I've wondered about buying property this way.   In my area, and perhaps others, you also have to be careful of any liens and other fees which must be paid but are separate from property taxes and not necessarily collected by the county or entity selling the property.  
   
  For example, a water system upgrade wherein every property owner is billed a certain amount of money, which has to paid on transfer of title on a property, or just wasn't paid by the person who owes the property taxes.  You have to do all that research on your own with the city or county the property is in.  
   
  Deanne


Wesley Sandel <wsandel at gmail.com> wrote:    I actually wrote this post once before and didn't post it because I thought
it was too long to be of interest.

There isn't anything intrinsically ethically wrong with buying property for
taxes, but it's difficult to view anyone who preys on the mentally infirm as
higher on the food chain than a leech. Property taxes are generally used to
fund (for the most part) the public schools (a funding scheme that I'm not
crazy about, but that's a subject for a different venue) and I therefore
consider them a good tax (is this an oxymoran?). Anyone that owns real
estate knows that they have to pay taxes on it yearly.

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   So if you buy property somewhere where you don't live, be
especially cautious.
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