Tax Lien question?

nygnyk30 Hey when you buy a tax sale property the mortage is deleted! So you get a $100,000 for the back taxes. Pretty sweet deal! Hope I have helped you.

I suggest you find out exactly how tax liens are handled in your state or the state in which you are investing. Each state has their own rules and procedures. Darrell's answer is correct in some but not necessarily all states.

So if I pay the taxes on a house, does that mean that the house is mine or that they can't sell it until they pay me. A realtor told me that the taxes have to be at least 5 years overdue to claim a house. Is this a good way to go. Also can you evict the home owner if he does not pay you. Hope there not silly questions I just don't know. Newbie

Wm357- You and I wish that was all there was to it!You are only the grounds keeper when you buy a tax lien. In order to get the property (according to where you are) You pay the taxes for a couple of years or more then you get a tax deed this makes you part owner!Now they can not sell it without you.Next you have to file a quite title action with a lawyer.This cost about $2000. Now its all yours!Depending where you are at!!!!

Now that sounds like to much trouble 2 go thru, let them keep the house I'll wait for the Foreclosure. thank you.

Hi Wm357,

It may seem like alot of trouble. We have now an opportunity to invest in a way we will probally never see again in our lives. This is a ground floor opportunity. Sure it may seem like a long process. But it could be a great long term goal.Buying a tax certificate will only give you great leverage. Muchh success to you.......Lubertha