Today's one-liner: "The shortest way to the distinguishing excellence of any writer is through his hostile critics." Richard LeGallienne
Local Government TV
Thursday, September 10, 2009
761 Properties Up For Tax Sale in Northampton County
Overworked Cindy Hoffman, who runs our tax claim bureau, tells me that 761 different properties are still listed for sale. I'm pretty sure that's a record, but Cindy has no time right now to compare this year's tax sale to what has happened before. She and her staff are on the phone, trying to track down property owners before their house is literally sold out from under them.
6 comments:
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What a tremendous opportunity for potential first time buyers. Too bad Washington has gamed the system to bail out bad borrowers instead of letting the market provide one of its rare chances at home ownership for those who might actually pay their mortgages and taxes. Bush and Obama and Congress bailed out the rich and irresponsible, while stomping on the fingers of those reaching for the first rung of the property ladder. This change is a hope killer.
ReplyDeleteBeware, beware, beware!!!
ReplyDeleteThis is an upset sale, not a tax sale. These properties come with all liens and encumbrances.
The tax sale, which is held later, does not come with liens and encumbrances. Unless you want to go to court to quiet title (and be prepared for a battle) neophytes should stay clear of the upset sale. O'Hare, I'm surprised you didn't give this caveat!
I did not give the caveat emptore warning and thank you for pointing it out. But the point of post is not to encourage anyone to buy these properties, but to point out how many are being sold. It's a reflection of the sad state of our economy.
ReplyDeleteI believe that a lot of properties on the sheriff's/upset sale have been on the lists for months and months. They keep getting "continued" and pushed to the next month. Probably the banks trying to give people a second chance to cough up the money.
ReplyDeleteThat's certainly true of sheriff's sales that come about from foreclosures. But this is a different kind of sale, the tax sale, conducted annually. if you have not paid taxes for two years, and have failed to make arrangements, your property will be sold.
ReplyDeleteI thought Angle cleaned up at these things.
ReplyDelete