How Do You Buy A Tax Lien Property Online?
There are five different ways in which tax liens are sold. Investors can bid down the interest rate on the lien, bid up the amount they are willing to pay for the lien, bid down their ownership in the property or select a group of bidders either at random or in rotation. Before you bid, you will need to know the starting interest rate, how low you can bid at that interest rate and how many years you must hold the property lien, before you can initiate foreclosure procedures. Research the tax lien laws for various states and choose which states favor tax lien purchasers, writing these states down on a piece of paper. Some states have laws that are very favorable to tax lien purchasers. For example, the state of Florida has a minimum five percent interest rate on redeemed liens. Determine which states and counties, from your list, conduct on-line tax lien auctions. You can do this by visiting the state or county website or by calling the local court house. Register for the on-line auctio
