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Ray
Ray, Lawyer
Category: FL Real Estate
Satisfied Customers: 36929
Experience:  30 years in civil, probate, real estate, elder law
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Will a DC Property Tax Foreclosure wipe out a pending

Customer Question

Will a DC Property Tax Foreclosure wipe out a pending Purchase Contract
Submitted: 17 days ago.
Category: FL Real Estate
Expert:  Ray replied 17 days ago.

Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.

Expert:  Ray replied 17 days ago.

If the foreclosure happens first then yes it would.If the sale can close here and taxes paid up then the sale would go through as the tax issue is resolved.Timing here determines whether the tax foreclosure precedes the sale.

Customer: replied 17 days ago.
Thank you
Expert:  Ray replied 17 days ago.

Reference

Redemption Period After the Tax Sale. Following the sale, the purchaser must wait six months before it takes steps to foreclose your right to redeem. After foreclosing your right of redemption, the purchaser will own your home. You can redeem at any time up until the foreclosure is final (D.C.

Getting Your Home Back After a Property Tax Sale in D.C. | No

You could redeem it here all the way up until foreclosure, reclaim it and then sell it.But you have to do this prior to the actual foreclosure to save it .

I appreciate the chance to help you.

Expert:  Ray replied 17 days ago.

If you can rate 5 stars it is much appreciated.Good luck here.

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