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Tax Foreclosure Properties in Southgate
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Get listed hereWhat tax foreclosure properties usually includes
- Auction rules and registration requirements from the county treasurer
- Drive-by or exterior inspection of each property
- Research on occupancy, code violations and demolition orders
- Title company review of what insurance they can offer
- Budget for repairs, back water bills and utilities
- A plan for occupants if the home is lived in
What drives the cost of tax foreclosure properties in Southgate
- Minimum bid based on taxes, penalties and interest
- Competition at auction
- Repairs, often without interior access
- Occupancy and possible court eviction
- Title work and extra steps to insure title
- Water bills and code violations not wiped out by the sale
- The age of the home: the typical Southgate home was built around 1963, so older materials, lead-safe rules and hidden damage can add time
Before you hire in Southgate
Lead-safe work rules apply to most homes
The typical home in Southgate was built around 1963. Painting, window, siding and remodeling work that disturbs paint in homes built before 1978 must follow the EPA lead-safe (RRP) rule. Ask any contractor for their RRP certification before work starts.
Older plumbing and sewer lines
45% of homes here were built before 1960, when cast iron drains, clay sewer laterals and galvanized supply pipe were standard. A sewer camera inspection before buying or remodeling is cheap insurance.
Permits: check with the Southgate building department before work starts.
How to compare tax foreclosure properties quotes
- Read the current auction rules on the county treasurer's site.
- Drive every property and check for occupancy.
- Check city records for violations and demolition orders.
- Ask a title company what it needs to insure title.
- Set a maximum bid that includes all repairs and holding costs.
Other wholesaler services in Southgate
- Assignment Contracts
- Buy and Hold Sourcing
- Cash Buyer Network
- Distressed Property Acquisition
- Double Closing
- Fix and Flip Sourcing
- Land Contract Deals
- Off Market Properties
- Probate Property Leads
- Property Value Analysis
- Rental Portfolio Acquisition
- Seller Financing
- Subject to Deals
- Vacant Property Sourcing
- Wholesale Deal Analysis
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Tax Foreclosure Properties in Southgate: FAQ
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