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Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744940  
Subject: Re: Here We Go Again: CRA Back From the Dead Date: 1/25/2013 12:43 PM
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It doesn't say he bought it in a tax lien sale. It says he paid the delinquent taxes. Since he did that, there subsequently *would not be* a tax lien sale, and *would not be* a new owner showing up to take possession of the property subsequent to such a sale.

Wait a minute. Something's missing here. Why would he bother to pay the delinquent taxes? Paying the delinquent taxes doesn't confer any legitimate status on a squatter.

Why didn't he just move in? A squatter is a squatter.


Well, if the property is sold in a delinquent-tax auction, there's a high likelihood that the buyer will come by (or send someone by) to take possession and start doing SOMETHING with the property.

Then the squatter will (eventually, after some expensive legal proceedings) be forced to move out.

Whereas if the squatter pays the delinquent taxes before the property is listed for auction, it doesn't get listed and there won't be a new owner.

If the existing owner is obviously neglecting the property, and is a bank, they probably aren't going to show up. And if bank-owned properties are not selling well in the area and the one the squatter has picked isn't even listed with realtors, the bank isn't likely to sell it to an interested owner.

(For that matter, in those circumstances the squatter is probably protecting the bank not only from having to pay the property taxes, but from being fined for lack of maintenance. They might choose not to shove him out, but rather to pretend they don't know he's there, until the market changes - a risky strategy because no doubt if he can prove they knew he was squatting in their house and did nothing about it, it gives him more legal leverage.)
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