Tax Lien Property Purchasing Strategies

Posted by | Tax Liens | Thursday 16 December 2010 3:01 am

Government tax lien certificate is the one that you should be looking for if you’re aiming for a low cost investment property. Tax liens are placed on a property when a real estate agent or delinquent homeowner doesn’t pay his real estate taxes to the city government. Thereafter, the government sells the property by holding an auction and they sold it to the highest bidder. The new owner now has the responsibility to take over the liability of paying the real estate tax arrears.

Getting in touch with the local county tax collect enables you to get a list of all the properties which are in government tax lien. Information on auctions and real estate biddings are announced on public via the local newspaper or websites. Through this you would know when the government intends on holding the next auction of the tax lien properties.

When it comes to the day of bidding and purchasing the real estate properties, all county governments have their own set of rules. Some of them might want the buyer to be present during the auction and pay cash in person for the property. That is why it’s very important to know these rules in advance by checking online as it is available. This assures you of not ruining the tax liens opportunity that’s on stake.

This type of real estate investment is also intended to those people who are really wanted to own a home of their own. Tax liens properties are a sure way of getting one as you can get the property for lower than the market value. You would still be saving lots of money even after paying the taxes.

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