Quote:
Originally Posted by sopas ej
Interesting. And it's just sitting there? It looks like it's also being used as a cell phone tower.
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Here is the transfer history:
https://wedge.hcauditor.org/view/re/...2022/transfers
The current owner got it through an auditor's deed, meaning the previous owner stopped paying taxes and the county took ownership. At the property auctions, there were no bidders (I think the new buyer has to pay the outstanding property tax). I think it has to go through three of those and then after that the auditor quite literally gives a property away with a clear title.
I know of a guy who got a vacant lot with an auditor's deed, held it for about five years, then lucked out and sold it for $225,000 when a soccer stadium's footprint overlapped his lot. But most of the time the lots are in completely random unbuildable hillsides, meaning they're impossible to sell, and so the whole process repeats itself.