Posted by David on February 08, 2000 at 20:37:55:
they are a different take. You don’t have the institutional “suits” at the deed sales because they’re looking for interest only not deeds to the properties. The lein guys like the finest properties with the biggest mortgages, since there’s much better odds of redemption. If you’re trafficing in tax DEEDS then you want property that is LEAST likely to be redeemed. That’s the vacant, ragged, overgrown, abandoned, and trashed places. sometimes the trash even scares away the banks.