Login Form
Lost Password?
No account yet? Register
Tax Liens Discussion Board  


Boardwalk :: Forum List Tax Liens General Discussion
dfought0330
User

New User
Posts: 2
graphgraph
 
 if property is not redemed--confused- - 2008/11/10 23:43 I have asked several "gurus" about what to do in the process of when the property is not redeemed. On here I read that it goes to auction. I have been told by some that you have a strict time period in which you can claim title to the property by filing for it- with a 5% chance of aquiring it. Can any one shed any light onto aquiring the title by it not going to auction? thank you.
  | | You need to login or register to post a message
Luanne
Admin

Admin
Posts: 77
graph
 
 Re:if property is not redemed--confused- - 2008/11/11 13:53 Only a couple of state allow that (not going through auction when the lien is not redeemed). I believe one is Illinois. Ultimately you have to do it the way the county guides you and if it must go through auction, then it must go through auction.

Most likely your lien will be redeemed. You normally have at least a year to file foreclosure on the property.


Thanks
Luanne
TaxLiens.com Admin
  | | You need to login or register to post a message
lancerlabar
User

New User
Posts: 1
graphgraph
 
 Re:if property is not redemed--confused- - 2008/11/15 13:55 Hi,

I am not sure about other states, but I live in North Dakota, and here you simply attend the tax sale and bid on the property. The starting bid will be the amount owed on the property, but the sale price may be more than the taxes owed. And here the owner of the property has right up to the time of the sale to redeem the property, after that it is open to anyone.
  | | You need to login or register to post a message
Boardwalk :: Forum List Tax Liens General Discussion

Joomlaboard Forum Component 1.1.2 Stable
Two Shoes M-Factory