I would certainly be discouraged from purchasing a property if the price was inflated by having to pay back taxes.
I read the idea as the seller would pay the tax. Not the buyer.
If you see that as inflated due to payback, then it's already inflated due to the yearly tax currently in place. Plus interest.
The the seller is locked in until equity is greater than the back taxes.
I read the idea as the seller would pay the tax. Not the buyer.
If you see that as inflated due to payback, then it's already inflated due to the yearly tax currently in place. Plus interest.
The the seller is locked in until equity is greater than the back taxes.