Quote:
Originally Posted by WiredGuy
Do these properties have large back taxes that you assume when you buy it?
WG
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back taxes, other liens by the county, the fact that it would cost them more to fix up than they are worth. If you are buying for the "land value" which isn't much I am sure, you have to pay to bull doze the house and haul away all of the debris. By the time you spend money doing that you spent more than the land is worth.
Nothing is given away for free (or $100) when it comes to real-estate. I am sure these are areas that no one wants to live in as well.