If a property is abandoned and the taxes are delinquent, how would one go about acquiring ownership of said property. I'm guessing it's not as simple as just paying off the tax bill

4/20/2011 9:58:35 AM

http://www.wakegov.com/tax/realestate/foreclosures.htm

4/20/2011 9:59:54 AM

It's not a foreclosure, it's a property that has been abandoned for quite some time. If it were a foreclosure it'd be easy

4/20/2011 10:05:53 AM

you have to wait for the state/county/city to place a lien against it, then sell it at auction. You could also try to get in touch with the owner to figure out if they would sell/give it to you for the tax pay off or something.

4/20/2011 10:22:32 AM

interesting question... maybe call a real estate attorney?

4/20/2011 10:23:54 AM

Quote :

"You could also try to get in touch with the owner to figure out if they would sell/give it to you for the tax pay off or something."

this would be your best bet to get it more quickly and possibly for less than you'd get it at auction

4/20/2011 10:29:13 AM

Yeah I tried getting in touch with the deed holder but it's looking like they've dropped off the face of the planet. Property was bought by them in the 70s so who knows where they are now.

Depending on what I can find out at the courthouse maybe I'll try talking to an attorney and see what their advice is.

4/20/2011 10:29:43 AM

if you live there for 20 years it's yours

4/20/2011 10:33:31 AM

what about claiming unclaimed land? i know on the bonner bridge replacement project there was a guy who had claimed some new land to cash in on the right-of-way (but it didn't go near him). Apparently there is a quick claim that you can file but I've never had to deal with this and am not sure any of the details.

4/20/2011 11:18:56 AM

I think squatting laws happen in 10 years, not 20.

Just go occupy it for awhile. Then when someone tries to claim it, you claim it

4/20/2011 11:27:13 AM

20 years

[Edited on April 20, 2011 at 11:39 AM. Reason : ncgs 1-40]

4/20/2011 11:38:46 AM

^^its a state by state basis...

[Edited on April 20, 2011 at 11:44 AM. Reason : .]

4/20/2011 11:44:39 AM