We hope to answer the following questions you have regarding ownership of the vacant property:
You can purchase houses, buldings, & vacant lots from the Land Bank. You will need a plan and be able to show that you have the access to resources necessary complete the project. Land Bank has thousands of properties for sale in Kansas City, Missouri.
Kansas City, Missouri Homesteading Authority is a nonprofit corporation controlled by the City of Kansas City. Homesteading Authority sells blighted properties at discounted prices to homeowners and investors who are committed to improving the neighborhood and community. Conditions are also placed on the sales to ensure houses are repaired and vacant lots are maintained, as agreed upon at the time of sale.
Other public entities and subdivisions may own vacant properties such as the Land Clearance Redevelopment Authority, school districts, the City of Kansas City, Land Trust of Jackson County, and more.
Many properties are owned by out-of-state Limited Liability Companies. Finding these owners can be difficult, but these properties can be acquired through the Abandoned Housing Act or a private sale.
One of the biggest issues that people face is funding. Because banks often will not loan money for low value properties, you should consider alternative financing sources and assistance such as tax credits, tax abatement, alternative loan sources, and more.
When purchasing from a private owner, property taxes may be due on the property. After three years of delinquent taxes, the property will be sold at the Jackson County tax sale.
Because these properties are abandoned, there could be liens assessed on the property. It is a good idea to get a title report on the property and check to see if there are any special assessments attached to the property.
After learning of liens attached to the property, you can cure title defects through a quiet title action or receiving quit claim deeds from interested parties.