My question involves real estate located in the State of: OH
I was 'gifted' two rural, undeveloped wooded lots (approx 1/4 acre total) in a small midwestern township years ago. I have always paid taxes but have now left the state and will not be returning. I have consulted 2 real estate agents who have told me the lots are unsellable, landlocked, no easement, and are not worth developing as clearing the property alone would far exceed any value it could ever have. The township has a fairly large forfeit roster and will not take them back either. Both agents advised to simply stop paying taxes and let them go to foreclosure as neighboring property owners are also not interested (one did check with them) even in acquiring them free of charge. Are there any other options? I have and have always had excellent credit. I simply have no use for the property -- and apparently neither does anyone else, and would like to not have to pay taxes on property I'll never even see again.
I was 'gifted' two rural, undeveloped wooded lots (approx 1/4 acre total) in a small midwestern township years ago. I have always paid taxes but have now left the state and will not be returning. I have consulted 2 real estate agents who have told me the lots are unsellable, landlocked, no easement, and are not worth developing as clearing the property alone would far exceed any value it could ever have. The township has a fairly large forfeit roster and will not take them back either. Both agents advised to simply stop paying taxes and let them go to foreclosure as neighboring property owners are also not interested (one did check with them) even in acquiring them free of charge. Are there any other options? I have and have always had excellent credit. I simply have no use for the property -- and apparently neither does anyone else, and would like to not have to pay taxes on property I'll never even see again.
Foreclosure: Unsellable Undelveloped Lots
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