tax lien auction..

Its a huge topic...

My past experience on this topic, again, every state maybe different, a tax lien auction can't get you a title, if you win the auction, they will issue a certificate entitle you first position on the property. so yes tax lien is first lien, but you still need to foreclose the bank loan for clear title.

The worst story I know was, the guy bought some ground then found they were contaminated..

1. If there is mortgage, 99% of time, bank will not let it happen, they always pay the taxes so they not jeopardize the mortgage.
2. If there is no loan, owner mostly would redeem, they rather sale the property before let you own it for just few thousands bucks.
3. As investor you can't afford to research on all the properties...

所有跟帖： 

• tax lien for junk properties -Slothehz002- ♂ (796 bytes) () 11/28/2012 postreply 10:11:54

• haha, I will not waste my time on it. -股气东来- ♀ (0 bytes) () 11/28/2012 postreply 20:28:58

• 想知道如何才能知道是否一块地被污染了，请什么人查呢？ -说的好- ♀ (0 bytes) () 11/28/2012 postreply 13:24:51

• 这个一般在County和State的网上能查到，有一个List。 -股气东来- ♀ (0 bytes) () 11/28/2012 postreply 20:30:24

• Very helpful points. Thanks alot. -股气东来- ♀ (0 bytes) () 11/28/2012 postreply 20:25:49