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So if you’re an investor buying tax liens is one of the most common
ways to look at property and maybe get some deals this is Dave at titlesearch.com if you’re looking at buying tax liens you'll notice that
normally a tax lien being sold is based on a particular tax year
so find a property let’s say taxes were paid in 2010 2011 2012
each tax lien will represent one of those years
there may be statutory interest that's added on and tacked onto that lien so
that as an investor you have a
guaranteed rate of return there's also a redemption period
so that if the taxpayer can pay that lien often a certain period time
they can prevent foreclosure once they go pass that reduction period
there may be a foreclosure allowance for you as an investor you can end up owning their
property or at least that tax year’s
worth of revenue there may be seniority of
that tax lien priority over
other types of liens and in some cases there’s government liens that maybe take
priority
over your tax liens so be aware of what the statute says about
what the taxing gives you as far as priority that lien
IRS and sales tax liens are normally
the type of clouds which may jump ahead of
a property tax lien but again depends on the state what is evaluation of their
property
and of that tax lien what kinda equity are you looking at the other question is
why was that taxing not paid has the properties been abandoned
or if it's been foreclosed that may change your strategy
on how to deal with that tax lien to go ahead with a quiet title action
or foreclosing gets a property if you have more questions
about title research or tile information on property regarding tax liens
you can reach us at our website at titlesearch.com