Tax liens in connection with property taxes
To be a successful bidder at a tax lien sale, you must be prepared. It’s a good idea to attend a couple of sales before you actually start bidding on properties. In this way you can become familiar with the bidding procedure, which is different in each state. New people are always amazed at what actually happens at a tax sale. It’s not what they expect. They expect to bid a healthy interest rate on a lien and are totally taken by surprise when the bidding goes down to zero and then up to very high premium. Continue reading How To Prepare For Your First Tax Lien Sale
If you are going to be successful at tax lien investing, you have to get good information. Many people rely on the free lists from the county or municipality. Some people use the tax sale list online on the county treasurer’s or tax collector’s web site along with information about the sale and information on how to register for the sale.
I get a lot of questions from people that want to know how they can purchase tax liens or tax deeds through the mail and internet. They specifically want to know about left over tax liens and tax deeds. These are tax lien certificates or tax deeds that are ‘left-over’ from the tax sale. In other words no one bid at them at the sale and they were struck of to the county, state, or municipality. In most states if the delinquent tax property is not sold at the tax sale, it is struck of to the county or municipality. A few states allow the assignment of tax lien certificates or tax deeds to investors. There are pros and cons to purchasing leftover or assignment liens or deeds from the county.
I use www.NACO.org to find tax sale property lists online for tax lien and tax deed sales. This only works for counties that have this information online. For counties or states that do not have this information online, you can either call the tax collector and ask how to get the tax sale list or you can buy the tax sale list from a tax sale list provider.