How Do You Buy Tax Liens For Profit?
Tax liens are available in most states. A county sells a tax lien when a homeowner fails to pay taxes. Liens do not represent ownership of the property. Liens are recorded and prevent property from being sold or transferred until the debt is satisfied. Thus, a homeowner must pay the tax lien in order to the sell the house or maintain clear title. In some jurisdictions, tax lienholders can foreclose on properties after the homeowner continues to not pay. Select the locations where you want to maintain properties. Counties post 30-day notices about upcoming auctions in local papers. Check the county treasurer’s website or register in a national database like taxliens.com. Be familiar with the specific county’s procedures, such as whether auctions are held regularly. Research the property, including whether it is vacant or a rental. You should study the property’s condition and title history. For instance, find out whether any other liens are outstanding, such as a contractor’s or child s
