Tax Lien Sales or Tax Sales on Houses and the what and the how of them?

You can do something like this in any state- but it is a vastly different process in each state.

In my area it is not often considered a way of buying a property. The property is normally redeemed latter by the original owner. They have to pay you back plus a percentage and it is that return on investment that most "buyers" are after. Until that redemption period is over you will not want to really consider it your property- and that may be 6 months or longer depending on the state.

Liens may be accompanied by personal property or real estate for either of the following reasons: to pay for the tax debt; to pay for the labor services that have been rendered and the supplies used; and for the mortgages.

A tax lien may be waived once the debt is either fully paid or on arrangement between both parties. When tax liens go unpaid, the tax lien holder may demand immediate payment, or may take possession of the property in accord with the local lien laws. Liens can also be sold at an auction for the price of the tax lien, regardless of the property's value, and to a third-party investor.

Many counties have their tax lien sales at a pre-disclosed like a county court house. Large municipalities hold sales several times and while some may hold just one tax lien auction sale a year. Laws and processes regarding tax lien sales may vary in different states and counties.

I haven't gone through the process, but I have done a little research in the past. Each state is going to have a completely different process. It isn't a very popular way of acquiring property but it can be done (in theory). One of the biggest drawbacks to the process that probably keeps people away is having to evict people when you acquire the property. If someone is living there, hasn't paid the taxes, can't come current on the taxes, and you acquire the property through auction... then you're going to have to evict that person out of their home. However, I've heard of some states where you can basically just "invest" by paying off the taxes that someone owns, then they are legally bound to pay you back at a set percentage and if they don't, you can get title to the house. The percentage return varies but I'm recalling 6-12% depending on the state (and I think it varies by County). There are websites that sell information which basically lists all of the properties with taxes that need to be paid, when the auctions are... etc. You'll probably spend a bit of money just finding that information.

we RE brokers are told so little, I learned [from memory] about them on my own.

of all 50 states, only 12 have TL sales. The other states have simple county tax foreclosure sales.

however, as best as I can tell, ONLY Arizona has the simple way [but they also have

a sneaky 'dragon?' hiding.

One can go to any county, find out who is delinquent and if 3 yrs behind, pay the taxes and

delinquents and go to court immediately and seek a court date [superior court] for a

deed. NO mortgage may attend........[IRS liens stay]

I help those who want to get involved in these.......NO property sale is forced by the

county......the state may if it wishes.

The dragon hiding is the county sometimes, improperly, attaches a tax lien to an easement.