 
Cub
Member
Username: Cub
Post Number: 111
Registered: 02-2007
| | Posted on Tuesday, January 22, 2008 - 9:56 pm: |    |
Why can't the city and county erase the back taxes and water bills owed on some of the properties they are trying to sell? |
Novine
Member
Username: Novine
Post Number: 391
Registered: 07-2007
| | Posted on Tuesday, January 22, 2008 - 10:08 pm: | |
To keep people from speculating on the properties by buying them and then sitting on them until they get foreclosed again for back taxes and unpaid water bills. Making you pay those up front gives you an incentive to do something with the property. |
Cub
Member
Username: Cub
Post Number: 112
Registered: 02-2007
| | Posted on Tuesday, January 22, 2008 - 10:17 pm: | |
That makes sense.Thanks Novine. But what about rehabs? |
Charlottepaul
Member
Username: Charlottepaul
Post Number: 2265
Registered: 10-2006
| | Posted on Wednesday, January 23, 2008 - 1:50 pm: | |
In certain cases, developers at least can work out some deals. Might be hard to do for an individual home as back taxes and bills usual create a lien on the property. |
Barnesfoto
Member
Username: Barnesfoto
Post Number: 4683
Registered: 10-2003
| | Posted on Wednesday, January 23, 2008 - 5:17 pm: | |
If you purchase a city owned property from the Planning and Development Dept, back taxes and water bills are usually erased.
If you purchase a property from the WCPO, you generally have to pay any existing water bills. |
Cub
Member
Username: Cub
Post Number: 114
Registered: 02-2007
| | Posted on Thursday, January 24, 2008 - 12:01 am: | |
Thanks |