Posted by Ben (NJ) on March 19, 2001 at 14:00:10:
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.