31 May Reasons Why People Stop Paying Their Property Taxes and Lose Their Property
Now you might be asking WHY IN THE WORLD DOES ANYONE NOT WANT a property anymore or, if they don’t want that property anymore, what is WRONG with that property?
The VAST majority of all properties you can buy using this technique are FINE properties, many times with utilities, maintained road access, city water, trees on them, and lots of value to them. There are a few in between properties which are not so good but if you follow the steps I lay out in my eGuide available at http://www.landforpennies.com/SecretsRevealed.php you will learn how to safely avoid them.
So why is it, that many owners don’t want their properties anymore?
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The reasons are multi-fold and as many as there are owners. But I will list what I’ve found to be the TOP 10 reasons why someone might want to let his/her property go for taxes:
1. The owner lives out of state and just does not want to bother with a distance sale.
2. The former owner has passed away, and the heirs now own it, have no emotional affiliation to the land and are eager to get a few dollars for it.
3. The owners went through a divorce and need quick cash. Divorces are expensive and are emotion ridden. Sometimes one party in the divorce ends up with the property which the other party brought into the marriage. Therefore they never had any emotional affiliation to the land or if they did it is often a strongly NEGATIVE affiliation (HER LAND or HIS LAND). As a result they sometimes just want to get rid of it, no matter what, and are not willing to spend any more money on Property taxes.
4. The owners bought it as a speculation but did not end up doing anything with the land and now it is just a burden.
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