The United States Government allows an investor to take the proceeds from a sale of an investment property to purchase another investment property without any income tax ramification. To see if you qualify for a 1031 exchange please contact our office.
Tax Sale and Sheriff Sales are only free and clear if all interested parties are given proper notice. If a creditor or an interested party is not given proper notice, then you are taking title subject to that debt. If you are interested in purchasing a property that is up for tax sale or sheriff sale contact Terrana Law, P.C., so we can determine what is effecting the title of the property.