[WSBARP] Tax Sale

[Jim Doran]

Listies:

 

I have dealt with HOA line foreclosure Sheriff's Sales but never a county
property tax sale.

 

Client has a Note and DOT with a balance of $15,000 +/-on it.  The deadbeat
is about $4,000 behind on payments and is behind $8,000 +/- on real property
taxes and this October if the taxes are not paid, at least in part, there
will be a tax auction.

 

If someone buys the property at the County Tax Sale (I presume conducted by
the Sheriff) do they take the property subject to my clients Note and DOT?
Does the deadbeat have a right of redemption for one year?

 

Can my client buy the place at the Tax Sale and get rid of the deadbeat?
Since client will have to pay the property taxes anyway if he forecloses,
can he use the County Tax Sale as a way to get rid of the deadbeat.  If the
client buys the property at the Tax Sale he takes it subject to his own Note
and DOT which is fine.  If the deadbeat wants to redeem the property he will
have to pay my client.  How can my client lose?

 

What am I missing here?  (I am sure that I am missing something.)

 

James R. Doran

Attorney at Law

100 E. Pine Street - Suite 205

Bellingham, WA 98225

(360)393-9506

jim at doranlegal.com <mailto:jim at doranlegal.com> 

www.doranlegal.com

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20150724/61336684/attachment.html>