What is tax lien homes?
There’s no such thing, do you mean homes with tax liens? Those are homes that have not paid their property taxes yet. More on the explanation: 1. Tax liens are placed on a property if the owner doesn’t pay his taxes on time. They are charged an interest rate every month until it is paid off. 2. Property taxes pay for schools, roads, etc. The county needs to get the money somehow even though the owner is not paying. 3. Counties will hold an annual tax lien sale and offer investors not only the original money they invested but all of the interest and penalties that the delinquent taxpayer accumulates. In Florida, the interest rate is 18% annually, in Arizona it is 16%, etc. 4. Because of the high rate of return, banks, companies, and individuals participate in these tax lien sales every year like clockwork. 5. You can contact your local county officials for tax lien sales. Some are even done online. You can find out more about tax lien schedules on
