Did you buy a tax sale certificate in Louisiana only to find out that the property is blighted, with thousands of dollars in code enforcements liens outstanding?
Don’t hit the panic button yet, this might work to your advantage. A Louisiana tax sale certificate owner has the right to file for an Ex Parte Writ of Possession, which allows them to pay off the code enforcement violations and file an additional lien against the property called Statement of Privilege for the amount paid. The tax sale certificate owner can also spend up to $3,000/yr on the property to mitigate future code liens from reoccurring, and then file an additional lien against the property for this amount spent.
Also, having legal possession of the property gives the tax sale purchaser the right to live in the property, rent the property, or evict anyone living there (albeit none of this is likely to occur if the property is blighted).
The Writ of Possession generally lasts one year, but can be extended for another year in some cases.
Petitioning the court for a Writ of Possession might just be what you need to protect your tax sale certificate investment on a property with a code enforcement lien. Be sure to consult your legal advisor before taking any action.