
by Pranav Prakash
I was watching the infomercial about this Free and Clear home buying program where you only pay the property tax for the home and don’t have to pay the mortgage and I was wondering if that was really possible or was it just a scam.
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If it is in print send a copy of it to your state’ real estate commission. They can tell.
In some big cities they had this type of programme to rehab abandoned property, there are string attached and and you pay a dollar to buy the property from city or government agency.
If it is above type of property, you will need to apply for it and application is handled in various way. In all cases you must be qualified purchaser.
List of just a few deal types:
Highest bidder(no minim bid).
Highest bidder(but minim bid).
No bid-one dollar (in case of multiple applicant-raffled).
Various other type.
Good Luck.
Minoo.
PS:
you can request info from various government by requesting in writing or calling.