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colum

Hi all,

I found an property in Cleveland with a sold tax lien ($17,000) on it.
Now my question:
I will buy this property for $53,000 with seller financing, the title shall transfered to me, now says the agent from the owner I must pay these lien off before.
Is this law in Ohio? I know only if I buy a property all back taxes, mortgages and liens assumed automatic from buyer.

Thanks for reply.

jameshogg · Posted: Sun Nov 01, 2009 9:12 pm Post subject:

Hi siegert,

It is true that as a buyer you would be responsible for the back taxes, mortgage and other liens on the property. However, I don't think you will have to pay it before you purchase the property. You can contact an Ohio based lawyer and take his opinion in this regard.

Thanks

colum · Posted: Mon Nov 02, 2009 12:53 pm Post subject:

Thanks jameshoqq,
Your reply was helpfull. I called today with the county deputy treasurer and he told me the same. Then I called the lien buyer, one staff of them, and it is possible to pay off this lien with an payment plan. So I see no problem now, I hope the propertie owner too Wink

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Cleveland/OH property with tax lien on it