Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
Here are the basic steps to follow:
There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
|Start Date||End Date||Listing Type||Bank Name|
|10/10/10||02/07/11||Preforeclosure||Bac Home Loans Servicing, Lp|
|09/09/10||11/02/10||Preforeclosure||BANK OF AMERICA|
|03/14/09||07/12/09||Preforeclosure||Bank Of America NA|