How Do You Find Tax Lien Property?
Rises in back taxes owed and property foreclosures are common occurrences during tough economic times. Government agencies use auctions to dispose of real estate acquired through seizure and foreclosure actions. The minimum bids for the properties are often the amount of the back taxes owed, which could be a fraction of the assessed values of the properties. Use diligent research and preparedness to successfully find tax lien properties to acquire. Determine and list your property ownership goals. Write down the characteristics a property must have in order to fulfill those goals. Consider location, rehabilitation costs, zoning, property taxes, landmark status and other issues that affect the cost, use and value of property. Use that list of goals and characteristics to determine which properties to bid on during property auctions. Drive through desired neighborhoods. Homes that have been seized or foreclosed will sometimes have auction information posted on or outside of the homes. Wr
