I get a great deal of concerns about over the

I get a great deal of concerns about over the counter tax liens. Could be tax lien investors want to know how to discover which counties have more than the counter liens. Some of you've been told that tax lien sales are so competitive that you are better off buying left-over liens from the county. This way you are able to get tax lien certificates in the maximum rate of interest, and the liens which you purchase are beyond the redemption period, you will be able to foreclose immediately.

A part of this is correct, in the event you purchase an older lien from the county, you will have the ability to begin the foreclosure procedure sooner. However what you're not taking into consideration is that if tax sales are so competitive that youe not likely to get something good at the tax sale, then what tends to make you think that there's anything good left-over after the sale. Numerous counties will re-bid properties that don sell the first time, either correct following the sale is over, or in another tax sale soon following. Anything left over after that's generally junk ?unbuildable land or home which has something incorrect with it. Yes you can get the maximum rate of interest, yes you will most likely have the ability to foreclose and get the home ?in which case you don't get your money back. And then how are you going to sell an unbuildable piece of land, or otherwise junk home, and get your cash out of your investment?


Keep in mind the old adage f it sounds too good to become true, it most likely is.?If you truly wish to know how competitive tax lien investing in your county, check with the county treasurer or county tax collector. See if you can get the results of previous tax sales. If you can do that, visit a tax sale and take note of what is being bid and which properties are becoming sold. In the event you visit the tax sale, then youl know firsthand what liens are left over and if they are worth getting from the county.



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