Comments on: Help! My Home is going to tax sale.

By: Ned

Ned — Tue, 02 Mar 2010 19:16:23 +0000

Good advice, Sadly many people bury their heads in the sand when they get into financial trouble.

By: 247 mortgage

247 mortgage — Tue, 02 Mar 2010 15:16:17 +0000

that’s quite scary that they could auction off tax deeds to your home, especially if you have paid a lot of money into your mortgage then get into trouble and end up with nothing. Before getting to this mess its best to admit if you are start to struggle with payments and go see an advisor who can help you with your payments and get you onto a good financial sense.

By: Ned

Ned — Wed, 04 Nov 2009 22:56:59 +0000

Thank you for the compliment Mitch. I am surprised you’ve seen them for $50. Maryland just raised the minimum ain back taxes that would go to auction to $500. My attorney says he has gotten a property for an unpaid water bill of $160!

By: Mitch

Mitch — Wed, 04 Nov 2009 15:05:12 +0000

Nicely written and researched, Ned. Good to see these questions answered like this, all in one place. I’ve always wondered about this myself, especially when you see them listed in the newspaper, and often for less than $50.
Mitch´s last blog ..Jobs; Are They Coming Or Going?

By: Ned

Ned — Tue, 27 Oct 2009 02:04:10 +0000

Thanks for reading Jason. – Ned

By: jason

jason — Sun, 25 Oct 2009 14:09:35 +0000

great article – taxes skyrocketed in our area in 2008 because properties were re-assessed. But now property taxes have droped by about 50%. But that is a common question we are having homeowners ask up

By: Ned

Ned — Sun, 06 Sep 2009 04:00:26 +0000

Taxes here are reassessed once every three years so many will be stuck with high taxes for some time here.

By: Ned

Ned — Sun, 06 Sep 2009 03:36:52 +0000

Nick,

You are absolutely right. Many attorneys bid at the auction and that is a big part of what makes it so competitive.

Thanks for stopping by. – Ned

By: Baltimore Homes

Baltimore Homes — Tue, 25 Aug 2009 18:20:40 +0000

In Baltimore only about 6% of the homes that are sold to tax sale purchasers actually go into default. Most of the buyers are law firms. You may ask why are these law firms buying all the tax leins. The answer is simply for the legal fees they can charge to owners when they attempt to redeem thait tax lein. In Maryland, the owner can obtain legal council and charge “resonable legal fees” usually about 1,200 dollar per case. Talk about buying business!

By: Charles in Las Vegas

Charles in Las Vegas — Fri, 24 Jul 2009 02:35:33 +0000

Taxes here in Las Vegas are pretty high, although the county has stated that they are reassessing since home prices have dropped so much. Are you seeing the same thing there in Baltimore?