Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. The information contained on this website is provided for educational and informational purposes only and should not be construed as legal advice on any subject matter.
This is the fear that keeps people up at night. You see a lawsuit, you see a number for years of unpaid taxes, and your stomach drops. Are you about to be stuck with that bill? Is someone going to come after your bank account, your paycheck, your own home, over a property you didn’t even want? That worry is completely understandable, and it’s worth addressing head-on.
Here’s the key thing to understand: these property taxes are attached to the property itself, not created as a personal debt you went out and ran up. The lawsuit is aimed at collecting on the property. That’s a very different thing from a creditor chasing you personally. While questions about your specific exposure are best confirmed with an attorney, the practical reality for most people in your shoes is that the worry is much bigger than the actual risk to your personal finances.
And there’s a clean way to put the fear to rest entirely: get out from under it. When you sell the interest that passed to you, the back taxes go with the property to the buyer. You’re not paying them off yourself, and you’re not left holding a bill for someone else’s unpaid taxes. Instead of being stuck with the taxes, you hand them off along with the property, and your name comes off the lawsuit.
That’s exactly what we take on. The back taxes become our responsibility, not yours. You don’t write a check to escape this, and you don’t carry the debt. No cost to you, no surprise bill, no chasing you down. The thing you were afraid you’d be stuck paying is the very thing we take off your hands.
A couple of quick questions:
Will I personally have to pay the back taxes? The taxes are attached to the property, not a personal debt you created. When you sell your share, the buyer takes the taxes on, so you’re not stuck paying them. An attorney can speak to your specific exposure.
Can they come after my own money or home over this? This kind of case is aimed at the property and its taxes. Selling your share and getting your name off the lawsuit is the cleanest way to remove yourself from the situation entirely.
If you’re looking to remove yourself from a lawsuit and get paid for your interest, no cost to you, call or text us at (469) 708-8003 for an offer today.
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