A couple bought an Overgaard lot many years ago intending to retire there. The lot sat untouched for many years before they sold it and stopped paying property taxes on it.
How did the sellers end up with the land?
A couple bought an Overgaard lot many years ago intending to retire there. Then their children moved to a different city and they wanted to be near their grandchildren. They bought a different lot elsewhere and built on it, so the Overgaard lot no longer fit their plans.
What motivated them to sell?
The couple left the Overgaard lot untouched for many years and sold it to stop paying property taxes on it year after year. Navajo County notes that tax notices are not forwarded and that failing to receive a tax statement is not a legal reason to waive interest. Unpaid first-half taxes become delinquent after November 1, with a late penalty of an annual 16% prorated monthly.
Can selling land be simple?
We met the couple at the title company and finished the whole sale the same day. Selling to us costs the seller nothing out of pocket: there is no commission because there is no agent, and we pay the standard closing costs. If a lot carries delinquent taxes, the title company pays them to the county out of the sale proceeds at closing.