How can you acquire a 25 x 100 lot if there is 20 years of property tax owed on it and no heirs can be found?

Answer

I dont' know how it is in all localities, but here it is a __ step process.

The county or state treasurer must declare the property taxes are in arrears. Then the property is listed in the sheriff's auction and anyone willing to pay the full back taxes then becomes the legal title holder. That has happened a number of times here to $150,000 homes with families still living in them who owed a couple years back taxes... The entire property was purchased for less than $8k.

Good luck on the property -

Answer

The actual procedure will very from state to state. California, the auction does not need to be conduct by a Sheriff and the property can be auctioned off after 5 years of delinquent property taxes. The best thing to do is contact tax collector or county assessor to about local procedures.

Local laws

Yes, it depends upon local laws and regulations. The tax collector may have to meet certain standards of diligence in attempting to locate and notify the current owners, and attempting to collect, prior to filing a tax deed to the municipality. After that, the local laws may permit public sale (auction) of no more than a quitclaim deed, or may provide a "bargain and sale deed" if the payment covers the delinquent taxes.

Please be aware the most property acquired by tax auction is deeded to the new owner with a quitclaim deed which does not provide the same level of ownership and protection as a normal warranty deed.

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