Please help - Need Mortgage Advice

For someone to buy your back taxes of $7000 on a home worth maybe $45,000 you would have had to been delinquent for some time.. but unfortunately, they can get your home for the back taxes if that is all that is owed on the home.. the only thing that might work is a reverse mortgage.. If you or your wife is 62 or older, and you can prove that you have the income to maintain the taxes and insurance on the property, you can get approved... If you do go this route, it's imperative that you never go delinquent on your taxes again, because you will lose your home.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

William is right. See if you qualify for a Reverse Mortgage.

In order to do a reverse mortgage, one owner in the house has to be 62 years old or within three months. Another huge problem is you have to be on title as the current owner's of the home. If someone bought the back taxes, then they are the actual owner of your home.

make sure to check on your rights as the home owner as it relates to the rights of the party who bought your tax lien. The fact that someone bought the tax lien does not automatically mean they own your house. Every state has different rules on that, there is usually a redemption period by which you can pay off that debt and rescue your house. Make sure your consult an attorney ASAP, time is your enemy at this point.