I want to buy the empty lot next to my house and recently found out the owner (in another part of the state) has been in jail since last January and will likely be in jail the rest of their life. They’re older and the crime carries a hefty sentence (he didn’t kill anyone but his crime was absolutely abhorrent).
I am going to ask my realtor but is it possible to send him a letter and try to buy it from him while incarcerated? He hasn’t paid his property taxes this year so my other thought is to wait until he is delinquent and it goes to auction. My area requires 2 years of no taxes paid. What makes me nervous about that is developers have just been buying everything that goes to auction.
Any advice for either scenario?
Posted by Razz_Matazz913
2 Comments
Honestly reaching out through your realtor is probably your best bet – they can handle the paperwork and make sure everything’s legit. The tax auction route is risky since like you said, developers with deeper pockets will probably outbid you anyway
Or the agent may buy it under the table.
it’s individual choice. He may not be able to use the money, but maybe he has some siblings or children or someone else who can.