How Do You Buy Property For Taxes Owed?
When a homeowner can’t pay his taxes (local or federal), the government has the full authority to take ownership of that property. Two tools the government uses to sell these properties are the tax lien certificate and the tax deed. Both are auctioned at local courthouses. The challenge for most people is finding information about the process in your local jurisdiction. Go online to the property tax office, county courthouse, or central appraisal office for your city or local government. You should be able to search by address location for the property in question. If not, your main goal is find information about the property, real estate agent, and bidding date for the property. You also want to find out if it is a tax lien or a tax deed sale. Go to bid4assets.com. This is a popular website is used by county clerks and tax collectors. They have a listing/database of the properties available in your jurisdiction. Understand the difference between a tax lien sale and tax lien certificat
