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I was gifted with a lot on a man made lake many years ago by

my mother-in-law. I have never...
I was gifted with a lot on a man made lake many years ago by my mother-in-law. I have never seen this property, have no interest in it whatsoever, and have to pay taxes and 'association' fees every year.The development company went bankrupt and had an absolute auction. We have placed ads in the association newsletter to no avail. How do I unload this white elephant?
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9/21/2013
Andrea, Esq.
Andrea, Esq., Lawyer
Category: Real Estate Law
Satisfied Customers: 12,554
Experience: I have practiced law for 25 yrs. with an emphasis on real estate, business law, criminal defense and family law.
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Hi, my name is XXXXX XXXXX I will be glad to assist you,

 

Since you have not been able to sell it, probably the only way to get it off your hands is to stop paying the taxes on the property. It will only be a matter of time before the municipality's taxing authority will seize the property and sell it at a Tax Sale. It will not appear on your credit report as a foreclosure because it is not a foreclosure,

 

 

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Andrea, Esq.
Andrea, Esq., Lawyer
Category: Real Estate Law
Satisfied Customers: 12,554
Experience: I have practiced law for 25 yrs. with an emphasis on real estate, business law, criminal defense and family law.
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Andrea, Esq.
Andrea, Esq.
Andrea, Esq., Lawyer
Category: Real Estate Law
Satisfied Customers: 12,554
12,554 Satisfied Customers
Experience: I have practiced law for 25 yrs. with an emphasis on real estate, business law, criminal defense and family law.

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