How long can a property owner fail to pay the property taxes before he loses the property?
Friday, August 7th, 2009Under a "Land Contract" a person is buying a house and land from a person. However, the first person does not pay the taxes for a number of years. The person buying, under the "Land Contract" finds out about the property may be lost for back taxes. That person then pays the back taxes and continues to pay them on time afterwards. Is there a point that the "Land Contract" buyer ownes the property for back taxes? The payment (monthly) for the "Land Contract" is also being paid to the first owner.
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