How Do You Buy Tax Foreclosed Properties?
In April 2010, ForeclosureListings.com reported that there were 629,325 public auctions for tax foreclosures in the U.S. Tax foreclosures, also called tax sales and tax deeds, can be purchased at bargain prices. Tax liens are filed when homeowners default on their state or federal taxes. When a homeowner has unpaid taxes, his property is taken and sold to the highest bidder. Tax sales are held at public auctions and homeowners have a redemption period after the sale to reclaim their properties. Decide whether you want to purchase federal or state tax foreclosures. Tax liens can either be the result of owed income or property taxes. Federal tax liens are filed with the Internal Revenue Service, and property taxes are filed in the state county where the property is located. Contact the assessor’s office in the county where the properties are located if state foreclosures, or the IRS if federal. Each county keeps its own record of delinquent taxes on properties and information on each pro
