| There are times when a property owner is unable to | | | | a purchase. You can also buy a Tax Lien over the |
| pay the required property tax. At such time they | | | | web and in mail. However, it is recommended that |
| become delinquent taxpayer and the appropriate | | | | you buy them in person over the counter to |
| governing authority is in charge for collecting property | | | | eliminate error. |
| taxes. This collection can be achieved through a tax | | | | Buying tax liens is a very well hidden real estate |
| auction. That brings us to the question, What is a | | | | investing secret. Many Americans are still not aware |
| Tax Lien auction? A tax lien auction is a | | | | of the profit potential of such investment. Depending |
| court-ordered auction. Depending upon the state and | | | | on the state where you buy the tax lien you can |
| the nature of sales it can be an auction for a Tax | | | | more often than not earn 18% to 50% or more per |
| Deed Sales or Tax Lien Certificates. | | | | year. And if the delinquent taxpayer does not fall |
| You can buy a tax lien at auctions held by the taxing | | | | through the repayment, you still have the court |
| authority, which are generally held once a year. | | | | backing the foreclosure of the property. Therefore, |
| Depending upon the state and county that you are | | | | buying a tax lien allows you to have either the higher |
| accessing there may be several types of auction | | | | yield from repayment of tax or the actual title to |
| bidding. Sometimes, not all Tax Liens are sold at the | | | | property at a substantial discount. |
| auction. This could either because of lack of bidding | | | | However, before you jump onto this band wagon, it |
| or because there were no acceptable bids. In such | | | | is advised that you do all the required homework. |
| scenario, the Tax Lien can be bought over the | | | | You can get information on a regular basis from the |
| counter at a later date. | | | | Review regional foreclosure lists. |
| You are not required to attend the auction to make | | | | |