Posted by Ed Garcia on January 25, 2001 at 10:45:30:
Allen,
It’s funny you should bring this up. I was talking to Jim Piper just yesterday about this same subject. He was mentioning that some homeowners find ways to stall or cure the redemption of the tax lien, so not as many sales go down as expected. I’ve heard it works,
and I’d look into it if I were you. I’d try to find someone who has be doing this on going basis, and pick their brain.
Regarding Tax Liens:
What do you think of them? I hear that here in Florida we make 18% plus other commissions from penalty fees the government charges, guaranteed from the government from paying off other peoples owed taxes and then if they don’t pay the taxes after a year or so, you get the house??? Is this true? To me, if this was the case, I would imagine this was the best investment vehical out there with the least risk. Let me know your advice on this type of financing. Thanks!
Allen