gregorygarver.com

CherylS · Joined: 13 Nov 2005 Posts: 5

What does it mean if it says your house taxes are sold at a tax sale, or paid by tax sale? I have a friend renting a house and they looked up the public records and that is what it says for the taxes. Does this mean the owner of the house has not paid their house taxes??? And does anyone know if my freind will end up getting kicked out if they are not paid? Its in the state of IL

Rushisaband8020 · Joined: 08 Oct 2006 Posts: 3

Most tax sales on homes are in lieu of someone not paying their property taxes.

MarkC · Joined: 14 Jan 2007 Posts: 3

If the owner has not paid their real estate taxes ( usually two or more missed payments) the state places the property up at a tax sale. Usually it means that a whole bunch of properties get put up for auctions. The winner of the auction will have two advantages. The delinquent owner has a specified time period to pay the delinquent taxes plus interest to the auction winner, If the delinquent owner does not pay the taxes in the specified time then the auction winner can proceed with court proceedings to claim the building. Usually this takes a while so i doubt your friend will be kicked out immediately and chances are the owner will pay the taxes to avoid losing the house. GOOD Luck!

chardonohio · Joined: 16 Jul 2005 Posts: 7

A tax sale is where the owner of the house has not paid the property taxes on it (usually for a number of years) and the government seizes the house and sells it to pay for the delinquent taxes. The new owner can do whatever they want with the house, including evict all current residents.

Carolinahomeratescom4767 · Joined: 09 Aug 2004 Posts: 7

In most jurisdictions, when a property owner is late on paying real property taxes, the county or municipality will issue a a tax lien on that person's property. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.After placing a successful bid, buyers of a government-issued tax lien certificate will then get one of two things:1) A state-mandated yield from the lien, which the delinquent taxpayer must pay in order to release the lien, OR2) Title to the property (after a certain amount of time, set by the jurisdiction) if the delinquent taxpayer fails to pay up.It would be up to the new owner as to what he/she decides to do with the property they may decide to continue renting, they may icrease the rent or they may evict.