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hilnaric

multiple tax sales/redemptions?

hilnaric
12 years ago

Although I've mostly been looking at townhouses, I just saw a little old fisherman's cottage that I think has possibilities.

However, I notice when I look at the tax history that the tax certificate was sold/redeemed several times after the insane sale price it managed in 2006. (It's currently on the market for an asking price of less than 10% of that.)

Aside from the fact that it means the house would have been neglected for a very long time (the 2006 buyer was a major developer planning to use the land as part of a new luxury development that never happened), is there anything else I would need to be wary about here? It's finally being sold as a regular foreclosure. That's all that matters at this point, right, as long as the title is clear?

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