Has anyone ever actually worked with tax liens?

[Orsorum]

I've heard these suggested from a number of "get rich quick" espouters. They don't seem to be advertised readily by the county I live in, but apparently they are available (depending, of course, on the state of the economy and where you live).

Does anyone have any experience with them?

 

[Orsorum]

Bump.

 

[Bleep]

It varies from state to state but where I live if you buy from a property tax auction a redemption certificate is given to the one who defaulted on paying their taxis and has 3 years after the sale to redeme the property. These certs. are not transferrable, they used to be but was a lot of guys buying them for cheap and the guy bying the property getting screwed after he had put a bunch of money in the property. It cannot even be bought by the new owner. Now a IRS tax sale is altogether different. The title to the property changes hands on a specific date after the auction. The guys that are selling this information is just ripping the unfortunate for a lot of money. If you just want to buy the back taxes there is a fee involved and if the tax is paid soon after you have paid it you lose.

Bleep

 

[Orsorum]

That is what I suspected.