Yes, it is correct. I have been in the tax lien business full time for six years and find it to be challenging and lucrative. For some basic info check out the following: “The 16% Solution” by Joel Moskowitz, Esq., taxsales.com, johnbeck.net, taxliens.com. If the infomercial you saw was Ted Thomas, don’t bother, I looked over his stuff and found it to be inaccurate.
How will I go about finding if someone has a tax lien on their house? I saw this program that said you could pay off their tax lien. Therefore you own a tax lien certificate. The person then has to pay you the amount you paid for their back taxes plus intrest. IF they dont pay you within a period of so many months you can forclose on their house, And then the house is leagally yours. Is this wright? Any info would be appreciated.