Forum : How do you buy property that has tax liens?

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How do you buy property that has tax liens?

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12:43 pm
April 5, 2009

john2

Guest

I heard you can buy a home for pennies if it has a tax lien. How does this work?

1:07 pm
April 5, 2009

S_Johnson

Member

posts 133

Yes, you absolutely can, and it happens just about once every 1000 years or so

1:08 pm
April 5, 2009

Josh

Member

posts 158

If you purchase property that has a tax lien against it you must be willing to pay the tax lien yourself.

If it is in foreclosure most of the time the owner can pay the tax lien, if he does not and you pay the taxes on the property you become the owner of the property.

1:08 pm
April 5, 2009

DragonDust

Member

posts 172

Sometimes you can get property cheaper if it is in foreclosure since the owners are being pressed to sell.

You should understand though that if there are unpaid taxes on the property they must be paid first. If there are IRS or state tax liens they are always behind a mortgage.

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About the Tax Lien Investing | National Organization of Tax Lien Investors forum

Most Users Ever Online:

Currently Online:

5 Guests

Forum Stats:

Groups: 2

Forums: 6

Topics: 420

Posts: 1028

Membership:

There are 1977 Members

There have been 350 Guests

There are 2 Admins

There are 0 Moderators

Top Posters:

DragonDust – 172

Josh – 158

S_Johnson – 133

jozzy111 – 131

sniper – 7

mshatty – 1

Administrators: admin (18 Posts), banner (0 Posts)