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Tax Liens Discussion Board  


Boardwalk :: Forum List Tax Liens General Discussion
Monicammelgoza
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 question on tax liens - 2007/04/04 18:00 I want to start investing in tax liens, I live in Tucson, AZ. Is this info correct, first I buy a tax lien on a property for 16% or less, if after 3 years the taxes haven't been paid, the property goes to an auction, where other investors and I will bid on the tax deed? whoever wins the bid of the tax deed will be the new owner of the property? About how much do these tax deeds sell for? thanks, Monica
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Luanne
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 Re:question on tax liens - 2007/04/04 18:49 Hi Monica,

It looks ilke you have a pretty good understanding of tax lien investing.

As for your question, "how much do these tax deeds sell for?" Well, that depends. There is no set price especially with any kind of auction. You never know how hight the bids can get. Basically, the amount can range from the taxes owned to just below the worht of the property.

Hope this helps.

Thanks,

Luanne
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johnson_tp5
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 Re:question on tax liens - 2007/08/10 16:32 Where is the profit in purchasing a tax lien when the property still goes to auction if the owner does not pay, and you have to fight for he property after you have already paid the taxes on it???
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phmx17
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 Re:question on tax liens - 2007/08/10 23:02 good question. I was under the impression that the ownership of the property goes to the lien investor by default if the lien is not paid on time. -pennies to the dollar
...????
please advise
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Luanne
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 Re:question on tax liens - 2007/08/13 15:28 Hello tax lien users!

Yes, that is a very good question and the answer is: It depends on the state.

Many states conduct the tax deed auction and many issue the deed over to the first lien holder.

You will have to study your state or county laws to find out exactly how you can benefit. Otherwise, tax lien investing is still very profitable due to the high interest rate.

Thanks!

Luanne
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gln1227
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 Re:question on tax liens - 2007/09/08 21:33 Where can we find information about tax liens in our state? Thanks!
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Luanne
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 Re:question on tax liens - 2007/09/10 14:32 Hello Tax Lien User!

You can find tax lien information per state at a couple different places. The easiest way is to choose the county where you will most likely be participating in tax lien and tax deed investing.

If it is a small county, choose a larger county- where there may be more information available. Check to see if there is a county website - with "tax sale" information.

They will be able to supply you with most of the tax lien and tax deed investing information you will need along your venture.

Thanks!

Luanne
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phildcan
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 Re:question on tax liens - 2007/11/06 22:05 So what happens if you pay the Tax lien and then an auction happens, and you do not want too buy the property or you just simply do not win?

What happens to that money you paid into the tax lien?

just for sake of conversation say i had a property i and paid 2,000 for the tax lien. The auction comes up and I don't win? Did I just lose 2,000 dollars?

Also, I know there is a time limit on that lien. So what happens if the original owner makes good on that lien after I have bought it?
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Boardwalk :: Forum List Tax Liens General Discussion

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