Casch 0 #1 December 24, 2003 Does anyone here know anything about Government/State Tax Leins or Tax Deed Sales? I'm trying to do some research on it as far as where to find the information I need to find and attend an auction. All I can find is a bunch of pages that say "You can make a lot of money if you do this, so pay me $1K and I'll give you a book" Not interested in paying that much, so if anyone here knows anything about the subject and wouldn't mind taking an apprentice Lemme know Quote Share this post Link to post Share on other sites
sdgregory 0 #2 December 24, 2003 I think there is a guy selling a book about that on an infomercial on late night/earlymorning TV for $2399.99. Quote Share this post Link to post Share on other sites
PhreeZone 20 #3 December 24, 2003 I looked into a few years ago. If you have a couple thosand laying around that you can afford to put in holding there is a chance you can make the money, but its a hit or miss usually. You know how the basic process works right?Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
Casch 0 #4 December 24, 2003 Yeah, I understand, you go to these auctions, bid on the property or liens, so you pay the back taxes. Then you wait for the people to pay the taxes with interest and you collect on it, or after a few years if they don't pay, you get the property "Free and Clear" and you can turn around and sell it or whatever. I just can't seem to find any information as to where these auctions and properties are Quote Share this post Link to post Share on other sites
Nightingale 0 #5 December 24, 2003 contact the department of housing and urban development (HUD) for information. At least, that's what its called in california. dunno bout elsewhere. And then, if you still like what you hear, contact a real estate lawyer to explain to you exactly what you're getting in to. Once you are armed with all that knowledge, then attend the auction. I have seen people really happy with the way things turned out for them, and I've also seen people take major financial blows because of it. It can be a really good thing, but a really bad thing too. just be careful. Quote Share this post Link to post Share on other sites
meltdown 0 #6 December 24, 2003 Call your local Tax Assessor/Collectors office. In my county they have an auction once a month or so on the courthouse steps. You can get put on a mailing list that gives a very basic description of the properties and the addresses in case you want to check any of 'em out. They send out a mailing a couple weeks in advance. Then, if you are interested in something, you can go to the courthouse and research the property for liens and such. Quote Share this post Link to post Share on other sites
PhillyKev 0 #7 December 24, 2003 Don't know if everywhere, but in PA, the sheriff of the county is responsible for the sales and is required to post a notice in the primary local newspaper. So, either scan the papers or contact the sheriff's office. (or see if they have a website). Quote Share this post Link to post Share on other sites
happythoughts 0 #8 December 24, 2003 It also helps to look at the property. My friend bought a bunch of swamp land really cheaply at a tax sale. Swamp is ok, but it had a bunch of protected cypress trees. You get to have a private retention pond. Quote Share this post Link to post Share on other sites
