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07-30-2011, 02:12 PM #1
Buying Tax deeds and Tax Liens
I wanted to know if anyone on here was familiar with buying either tax deeds or tax liens ? I'm more interested in buying tax deeds to start out with. Also when buying a tax deed from a auction what are some basics that you should know or things you should do before purchasing ?
Money is the motivation
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08-01-2011, 06:14 AM #2
Here are the steps you take.
Call every county in your state and get the date of the next tax deed auction. When you call them, ask them to put you on their mailing list. Before every tax deed sale they will send you a list of all of the properties that are going to be auctioned off.
Next, make it a goal to buy one tax deed property every month. This is very realistic if you just get the dates of the upcoming sale. When you are calling to find out when the next sale is, you are bound to run across counties that are sitting on lots and houses that did not sell during the last tax deed sale. These are called “over the counter deeds”. All you have to do is walk in and buy them for the outstanding back taxes.
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08-01-2011, 08:00 AM #3
Thank you Carla I appreciate it, also after you purchase a tax deed how do you go about in reselling it and do you have to start paying property taxes on the property after you own it if you have not sold it in a years time ? I was reading something online about a quiet title after purchasing a tax deed to resell do you know anything about it ?
Money is the motivation



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