Posted by Rob on May 31, 2000 at 19:21:47:
Okay, so you take posession of the property because Joe Blow did not pay you off. What about the mortgage on the property? Are YOU now liable for this lien?
Posted by Rob on May 31, 2000 at 19:21:47:
Okay, so you take posession of the property because Joe Blow did not pay you off. What about the mortgage on the property? Are YOU now liable for this lien?
Tax Certificates - Posted by Tim W.
Posted by Tim W. on May 14, 2000 at 13:42:27:
I’ve heard about buying tax certificates for properties where the property owner is behind on their taxes, which then gives them a lien on the subject property.
Can anyone tell me the details of how this works and if it’s a good “investment”?
Re: Tax Certificates - Posted by CC
Posted by CC on May 18, 2000 at 23:02:24:
I used to do tax cert. investing through retirement accounts (i.e., self-directed IRA’s mainly.) My understanding of them has likely diminished somewhat over time but here’s what I recall from working with them:
Hope this helps some.
homework - Posted by RR Smith
Posted by RR Smith on May 14, 2000 at 19:31:13:
use the search engine and search under tax liens, or tax or…
http://www.creonline.com/wwwboard2/messages/9002.html
http://www.creonline.com/wwwboard2/messages/9003.html
the more you know about any risk the better off you are, for instance it will be another bad year for hurricanes in the gulf. So make sure your SFH insurance is up to date. Tax liens require a long time period (usually) and seldom exercised (you get the house). Like foreclosures, and Lease/options you work the numbers and come up with a winning ticket.