Expert: Dick Dennis - 1/11/2010

Question
A friend lost his house to an investor who paid $189 for his house from the "Chief Deputy Treasurer of the county" with a recording date of 12/2009.  What recourse does he have of getting his house back or is it too late?  I am thinking he could pay back the taxes, interest, and penalties to the county as long as he does it very soon?  Thanks.  

Answer
It depends in which state the property is located, Connie. Since you did not tell me where the property is located, you will have to verify with the local tax agency, most likely the chief deputy treasurer. In some states, yes, all you have to do is to pay ALL costs of the purchase plus any and all costs, including interest, etc., as you indicate. Please make sure that the money comes from the former owner, not a relative or friend. I do wish you well.

Dick Dennis
dixiedee13@aol.com