Almost almost any county government offers tax lien properties for sale, in one form or another.
The government seizes properties when owners do not pay property, personal property or income taxes within a designated time, and public auctions are held as a means for the government to recoup the taxes owed. With that said, you must do your homework if you plan to start purchasing tax lien properties, any state has different laws and different ways for conducting such sales.
You look for to learn everything you can about property tax laws, redemption periods, and similar facts of the tax foreclosure process. There are many books on the subject, in addition to a wealth of information available over the internet. Let’s hope you are attending a tax lien deed sale and not a tax lien certificate sale, So if you are looking for tax lien properties for sale.
If you seek for property, hundreds of the time, the property owner redeems the property from the certificate holder, you have to bid at deed sales.
All such auctions are open to the public. In order to find such properties, you should contact the county where you plan to purchase. You can either call or in most cases visit the county’s web site. They can tell you where and when such auctions are taking place, and can either provide you with or tell you how to get a listing of the properties up for sale.
Often times the auctions are published in the local newspaper.
You need to research the properties to discover which ones are worth your time and money, right after you get the list. You need any such property to be worth more than the taxes, fees, and penalties assessed against it. Of course, if any was made on it, you can understand such information as the assessed value of the property. In addition to the location of the property, and what kind of improvements. If possible, you must go see the property, for you decide to bid on it. Surely it’s yours, free and clear to do with as you please, Therefore if you bid on the property and win. Just think for a moment. You may decide to make improvements on the property yourself, and either resell it, or keep it as a rental property. Therefore, you may even decide to move in yourself, the choice is yours.
Finding tax lien properties for sale is only a small part of the purchasing process.
This article has provided you with some basic information but because of the details and law involved, we suggest continue to learn more about the subject as well as the laws particular to the county in question. Needless to say, there’s a lot to learn wheneverit gets to Government tax lien foreclosures and is not typically a great place to start unless you have some experience in foreclosures.
If you’re new to foreclosure investing or tax lien properties I will start off with a free 10 day e course at foreclosure courses. You will get loads of good basic information and the course will point you in the right direction to should start off with a free 10 day e course at foreclosure courses. Essentially, you will get lots of good basic information and the course will point you in the right direction to help get you started.