65. How to Acquire Properties Through PA County PRIVATE TAX SALE and Pursue Exploitive Business Practices
Ever wonder how to exploit Pennsylvanians everywhere and Sharonites of limited resources by a acquiring a house for peanuts through a County Tax Claim Bureau? Here is how:
Make a peanut$ application / bid for any property on the list of properties eligible for private tax sale. The peanut$ bid is for the private tax sale ONLY. For the private tax sale the the back taxes are wiped clean. No more tax lien. It does not matter if the owed taxes are in five figures, offer a pallet load of peanut$, say $200. You will get next September in Mercer County where this writer lives at the scheduled private tax sale a property without a tax lien but any and all private liens will remain.
No problem. You are not interested in getting a buyer and a new mortgage. No lender is going to loan on a property littered with historic private liens. You want to exploit a Pennsylvanian of limited resources to get rental money from them. You might patch it together to meet the Section 8 landlord requirements. The Housing Authority makes a cursory inspection.
Or, maybe you want to use the property for illegal purposes. Maybe you want to create a sham to launder money. Get enough $200 addresses and dirty money can be laundered as if it were rent money as a book keeping entry. Forget about actual tenants. The address could be a place for persons with a proclivity towards a chaotic practice of illegal drug use, or a place to stash weapons, or a place to hide stolen items, or a place for deliveries of illicit items.......just for $200.
Now that you have the property through a private tax sale you need not be bothered with actually paying real estate taxes into the future. You can exploit the property and be tax delinquent for two years until there is recourse.
It just is immoral but not illegal not to pay the real estate taxes. Even then the Tax Claim Office allows "payment plans." Now if you want to be a Section 8 landlord, the standards required are easily met with band aid repairs. If your tenant is Section 8 qualified, even then, nothing requires you to be tax compliant. Now, if your tenant has school age children the tenant is not paying taxes through their rental payments because you are not.
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