Posted by Margaret on November 13, 1998 at 14:40:37:
Depends on where you are. You really need to look at it as an investment of your money–not as a real estate deal. Try to talk to the person who will conduct the tax sale or to someone you know who buys in your state. Get all the info you can from them. They can tell you what to look for, since this really varies from state to state and even county to county.
Newbie looking for info/advice on procedures for tax upset sales. What else should I do besides getting a prelim. lien search? I’ve zeroed in on about six properties, realizing that it’s unlikely even to get one that actually goes to the auction block. Also, our county accepts only cash or cert. check at time of auction. Can you get a blank cert. check stating a max. amount? Any web pages with more info?