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Tax Liens Discussion Board  


Boardwalk :: Forum List Tax Liens General Discussion
lklndmom
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 explanation how it works - 2007/03/19 13:43 Can anyone explain to me how the tax liens work. I am wondering about the listings, they give amount of back taxes owed and year of delinquency, What I want to know is if all I have to do is pay back taxes to own it or what else I have to do? And what happens if the listing is showing back taxes owed but the place you are interested in is occupied? Can someone help please.
Pat
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Luanne
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 Re:explanation how it works - 2007/03/19 14:01 Hi Pat!

Sure, I'll be happy to explain to you how tax liens work. Keep in mind that every county has different rules governing the process of tax lien and deed investing.

Basically, when investing in a tax lien you are only purchasing the taxes owed and the property owner repays you with interest over time. If however the owner does not repay you within a specified time period then you may go through a tax foreclosure proceeding, A.K.A a tax deed auction. Here you have a chance to actually own the property. However, you will be bidding amongst other investors.

You could however bypass the lien investing and go straight to tax deed investing where you won’t have to wait and can bid/purchase on a home to own.

You will have to go through the county in order to participate in an auction. Some cities have auctions online, others take place on the courthouse steps, etc.

Hope this helps and feel free to ask any further questions whether on the forum or directly by using the contact form on the site.

Thanks,

Luanne
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boston
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 Re:explanation how it works - 2007/05/27 21:09 Hi,

Can you let me know the web link of deed properties auction on line sale for New England states.



Thanks in advance
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Luanne
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 Re:explanation how it works - 2007/05/29 14:57 Hello Tax Lien User,

Please look on the "Tax Sale Auctions" page for information on tax deed sales in New England. If there is a link available it will be under the "link" column.


Thanks,

Luanne
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phildcan
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 Re:explanation how it works - 2007/11/06 22:12 I don't see any links under that section.

I am looking for Illinois.
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Boardwalk :: Forum List Tax Liens General Discussion

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