Posted by george on January 22, 2000 at 24:29:07:
0%, in NJ a property that looks like it won’t pay back it’s lean will go negative, the guy on TV doesn’t talk about intrest rates of -5% does he?
Alot of dough huh. Most tax liens are for small amounts of money, also there are different types of liens. In NJ they auction water/sewer liens seperately (you cannot loose a property over a water/sewer lien is my understanding).
(2718 properties) x ($500 a property) = $1,359,000.
Is this alot of money? MSFT shares trade about $3 billion a day (not including after hours trading).
Good ole boys. Learn the rules, if you bid on this years tax lien how will next years lien(on same property) be handled. If you buy a lien you may be committing yourself to showing up at the auction for years until the property is yours. If this happens the people there will get to know you and you will get to know them. I hope you like good ole boys and they like you.
Does it make sense? Only if it works.