Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Lamar. After his brother passed, Lamar inherited a share of a property his brother had owned. He did not expect it, and he did not want it. Worse, the property carried unpaid taxes. Before long, a tax lawsuit arrived with Lamar’s name on it. So Lamar started looking for a way to get bought out and move on.
At first, the whole thing overwhelmed him. He was still grieving his brother, and now a legal matter demanded his attention. After all, he had never dealt with anything like this before. But Lamar soon learned the path was simpler than he feared.
How Lamar got bought out
Lamar owned only his own portion of the property. So he did not have to keep it, repair it, or pay the back taxes himself. Instead, he chose to get bought out by a buyer who handles these cases. Then the buyer took over his portion. After that, his name came off the lawsuit. Also, the back taxes became the buyer’s responsibility, not his.
Better still, the process asked very little of him. He signed from home, so he never traveled or took time off. Meanwhile, his other relatives kept their shares and made their own choices. Because of that, Lamar never had to coordinate with anyone or attend court.
In the end, Lamar got bought out and stepped away cleanly. He paid nothing out of pocket. Now he carries no liability for the property, the taxes, or the lawsuit. Most of all, he could finally grieve his brother in peace.
What this story shows:
You can get bought out of a tax lawsuit you inherited, without keeping the property or paying the taxes.
The buyer takes your portion and the back taxes, removes your name, and the process stays simple.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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