Banks selling Tax Lien Properties Cheap? - Posted by Tyrone

import · October 9, 2003, 9:19pm

Posted by BILL TAYLOR on October 10, 2003 at 21:21:21:

I would be interested in my area as well if there are any. I live in Indiana and would like to get rich.

import · October 9, 2003, 9:19pm

Posted by Tyrone on October 09, 2003 at 21:19:36:

I got a tip on a Bank that’s selling Tax Lien properties really cheap in my area…

How does this work? What type of profit does a bank try to achieve? Has anyone bought a house in this manner? How would you wholesale a house like this?

Here’s an example of one of the properties they’re trying to sell…
Tax Value: $76,000
Asking price: $15,000
ARV: $90,000

There is a 3 year redemption period in my state which has expired on all of these properties… I have a list of about 30 Properties…

Tyrone

import · October 13, 2003, 6:15am

Re: Banks selling Tax Lien Properties Cheap? - Posted by Sean

Posted by Sean on October 13, 2003 at 06:15:57:

Ty, I’m in the Philadelphia, Pennsylvania area if there are any properties available? Thanks!

import · October 10, 2003, 10:14am

Re: Banks selling Tax Lien Properties Cheap? - Posted by Cat

Posted by Cat on October 10, 2003 at 10:14:14:

Ty,
These are great deals. What state are you in? I would be interested in some of these properties. If the redemption period has expired,then you purchase the home you can do whatever you want with it. Flip it, rent it, lease option, whatever RE strategy you are working to build you investment business.

import · October 13, 2003, 6:17am

Re: Banks selling Tax Lien Properties Cheap? - Posted by Tyrone

Posted by Tyrone on October 13, 2003 at 06:17:23:

I’ll find out for you once I make contact with again.