TAX FORECLOSED PROPERTIES |
Some states sell tax certificates that give investors the right to pay unpaid property
taxes and collect interest on their money, secured by the tex certificate.
Other states wait until the Redemption Period has expired and the delinquent
property owner has exhausted all legal opportunities to pay off the debt and redeem
the property, thwen they foreclose and seize the property and sell it at public
auction to the highest bidder. Still other states foreclose and seize the property, then sell it at public auction subject to the Redemption Period, during which the delinquent property owner has a chance to buy the property back. Like tax certificates, tax foreclosed properties offer investors four different opportunities to make money. 1. Buying properties from the owners and/or lien holders before the property goes to auction. 2. Buying the property at the auction 3. Buying the property "over the counter" after the auction but before the Redemption Period has expired 4. Buying the property "over the counter" after the auction and after the Redemption Period has expired TAX SALE RICHES HOME PAGE |