Consider the fact that 99% of tax liens get paid off
prior to foreclosure. No buyer would take the risk of
paying a $4000 premium which he will not be able to recoup if the lien gets redeemed. Unless the property was abandoned for years, had no mortgage and was not likely to get paid off, you would have a hard time getting a buyer for anything more than face value. On the contrary,they would probably be looking for a discount. A tax deed may be more valuable since it is less likely to get redeemed.
If i purchase a tax lien can I then sell it to an investor for a percentage of what he could sell the house for??? If I buy a lien for 1000.00 the house is worth 50,000 and the investor would sell for 25,000 could I sell it for 5000.00? is that legal
does that go for tax deeds (forfieted property) too?
98% of the TLC are redeemed…No investor in his/her right mind would buy it from you…
Now, If you got a deed (tax deed) and if there is not redemption period or after the redemption period expire, it is different because you own the property.