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