Image provided by: University of Oregon Libraries; Eugene, OR
About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Oct. 6, 2017)
4W // Real Estate & Home Builders Guide // October 2017 Each offi ce independently owned and operated 1055 S. Hwy 395, Suite 313, Hermiston, OR 97838 541-289-5454 Cornerstone Fax: 541-289-5456 hermistoncornerstone.com GREAT PIECE OF PROPERTY! ON NORTH WEST SIDE OF HERMISTON Brenda Knight, Broker 541-720-1507 & H om ebu ilders G u ide WEST ZONE TABLE OF CONTENTS Service Directory ................................2W Morrow County: Mt. Valley Land Co ..................16W, 17W Umatilla County: EO Media Group • 211 SE Byers • Pendleton, OR 97801 A R eal E state To Advertise in the Eastern Oregon Real Estate & Homebuilders Guide Contact 541-278-2670 • 1-800-987-7511 • realestate@eastoregonian.com Q : We lost a piece of property due to back taxes. The property was in the names of my husband and his two sisters and brother. None of them would help us pay the taxes, so they were not paid. I received a letter that the property had been sold, but I could pay the tax and redeem the property. That is what I want to do, but only in my name and my husband’s name, as the other relatives refuse to help pay the taxes or maintain the property. Can this be done? : When you say that you lost the property, you may not understand the process of how tax sales work. The property is owned by your husband and his siblings. At this point they still own the property even though there has been a tax sale. So let’s give a brief summary of how real estate tax sales work. In places where homeowners pay real estate taxes, those taxes are billed annually and generally paid once or twice a year. If the homeowner fails to make a payment, the property goes into the delinquent rolls. At some point -- say one year or more -- the taxing body sells the delinquent taxes to the highest bidder in an auction. Tax buyers are willing to pay the taxing body for the delinquent tax amounts because they know that if the tax bills remain unpaid they can come to own the property for the amount they paid at the tax sale. (This is what happened not too long ago in San Francisco, where two enter- prising investors picked up small parcel in the middle of one of the most expensive blocks in the city for less than $1,000.) If the taxes are redeemed, then the investors get their money back plus interest at a hefty amount. For tax buyers, buying at tax sales can be a great business model. On the other side is the homeowner. The homeowner usually will pay up to avoid losing the home to back taxes. So, once the tax buyer has purchased the taxes, the local municipality may send out an additional notice to the homebuyer telling him or her that they have a certain amount of time to redeem the tax sale. That means that the homeowner -- in your case your husband and his siblings -- can pay what is owed and bring the property back to current status on the tax rolls. Jeanne Jewett • Audra Workman Kimberly Macias • Angela Treadwell By Ilyce Glink and Samuel J. Tamkin Tribune Content Agency Eastern Oregon Advertising Sales Paying back taxes for family does not guarantee home ownership American West Properties, Hermiston .................8W, 9W, 10W-11W, 12W, 13W Fordice Real Estate Services. Inc ......14W Hermiston Realty ...17W, 18W-19W, 20W Preferred Realty, Inc .....................3W, 8W RE/MAX Cornerstone ..................4W, 5W Universal Realty .................... 6W-7W, 8W Miller Realty .............................14W, 15W C Holt Real Estate ............................14W Affiliates: Pioneer Title .....................................17W Fairway Independent Mortgage .........1W Bank of East Oregon ........................14W Landmark Professional Mortgage .....14W American Pacific Mortgage ..............13W Banner Bank .......................................8W W M E Price Reduced! HOME SITS ON JUST UNDER 1 ACRE, COMPLETELY FENCED. Fresh paint and some updates through out home. There are 2 carports for all your toys and lots of room to spread out and enjoy country life without too much land to take care of. HID water rights, drilled well, located just out side of the city limits. RMLS 17381481 $175,000. Hermiston, OR W= WEST: Umatilla, Morrow, Gilliam & Wheeler Counties E = EAST: Umatilla, Morrow, Gilliam & Wheeler Counties M = MOUNTAIN: Union, Wallowa, Baker, Grant, Malheur & Harney Counties October 2017, Volume 32, Number 10 Eastern Oregon Real Estate & Home Builders Guide is published month- ly by the East Oregonian Publishing Company, 211 SE Byers, Pendleton, Oregon 97801. Subscription rates are $16 for 12 issues. Third-class postage paid at Pendleton, Oregon. For subscription service questions, call (541) 278-2670 or 1-800-987-7511 or write Eastern Oregon Real Estate & Home Builders Guide, 211 SE Byers, Pendleton, Oregon 97801. All real estate advertising in this paper is subject to the Federal Fair Housing Act of 1968 which makes it illegal to advertise “any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin, or an intention to make any such preference, limitation or discrimination.” This paper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this paper are available on an equal opportunity basis. The information in this paper is deemed to be correct but not guaranteed. All properties or information contained in this paper are subject to prior change, modification, sale, or withdrawal from the market. Copyright© 2016 EO Media Group. All rights reserved. www.eastoregonrealestate.com
