Posted by Jack on January 22, 2001 at 15:49:08:
Assuming you already possess a tax CERTIFICATE on the property, if you haven’t already, you need to check out the tax DEED sales procedures in your state. Most sell at auction, but yours may be one you can apply over the counter. Either way, there may be a considerable redemption period. If it is an auction and the property is as you describe it, it will probably be bid up much higher than the 33% LTV. If not, we can assist you with creating a note and selling it for purchase.