Legal Question in Real Estate Law in North Carolina

I am looking to buy a piece of property in NC. The home I'm interested in is over priced for the market and seller is being unreasonable he also owes 2 years back property taxes. My question is... can I pay the back taxes to the municipality to get any kind of leverage? If I do pay them what is my legal standing if or when the county forecloses? What is the banks standing in this? Will have I first rights to purchase the property? Or does the bank step in and offer it on the open market? Does the state give the owner the option to pay the taxes before I can pay them? Thank you for answering my questions and I would appreciate any other legal advice and insights you can provide.


Asked on 9/30/11, 4:14 am

1 Answer from Attorneys
Jeff Rosner Rosner Law Firm P.A.

The seller is entitled to be unreasonable. Paying taxes would not help you and would be just doing everyone a favor. If the bank forecloses, you would have a right to purchase it at the foreclosure sale just like anyone else. Typically the bank buys it at the sale to protect their interest and then you can deal with the bank.

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Answered on 10/03/11, 8:18 am


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