Tax sale.

First of all, tax sale laws vary from state to state greatly, so without knowing which state you are in, it is impossible to tell what you are buying.

That said, in the vast majority of the states, you are only buying the tax lien on the property. Now again, what a tax lien exactly means varies from state to state.

In most cases, you will be able to make a profit on the tax lien, but you will not get the property. In these cases, buying tax sale property is a very special investment vehicle with a (usually) good return.

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• One more point -dslr- ♂ (145 bytes) () 11/23/2008 postreply 19:23:28

• Thanks, if redeemed, i can even get 15%interest back, right? -Sir。Long- ♂ (0 bytes) () 11/24/2008 postreply 19:20:51