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