I helped a guy sell half of a property. Sold one of two lots under the property address.

The local CAD has not split the two lots yet for property tax purposes. Buyer submitted paperwork (deed and survey) showing the split. CAD said it will take a while and pay your share in coordination with seller (existing lot owner.)


Today the buyer called me and said the existing lot owner had not paid taxes (not even due yet) and that he was going to pay the taxes and put a lien on the lot he did not buy.


is that even possible?

evestor1 said:

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I helped a guy sell half of a property. Sold one of two lots under the property address.

The local CAD has not split the two lots yet for property tax purposes. Buyer submitted paperwork (deed and survey) showing the split. CAD said it will take a while and pay your share in coordination with seller (existing lot owner.)


Today the buyer called me and said the existing lot owner had not paid taxes (not even due yet) and that he was going to pay the taxes and put a lien on the lot he did not buy.


is that even possible?

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No.

thanks - i have never dealt with that type of statement before so i said nothing. afterwards their realtor texted me and said "my clients will pay the taxes for the deed to other lot." the taxes are less than 2k. lol


Not sure what the guy is thinking. My client (he has been my money man on occassion) is worth a more than $100mm and was being kind to split the land in two. The buyer had a hard time buying the 250k lot.