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How do real estate tax liens work?

Discussion in 'General Business' started by adrian88, Jan 25, 2007.

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  1. #1
    Have you seen those late night infomercials about real estate tax liens?

    Getting a house worth $200k for like $500

    how does this work?

    it seems too good to be true

    it would be great if one of you could explain to me

    thanks!!!
     
    adrian88, Jan 25, 2007 IP
  2. aletheides

    aletheides Banned

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    #2
    The government puts a lien on property that is delinquint in paying taxes, usually a year +.

    By purchasing the lien for the amount of taxed owed, you take the place of the tax collector (though the government collects for you, it's all hands off) If the property owner pays up on the taxes, you get your investment + % interest back. If they don't, you can forclose on the property.

    There's a good book on this, called The 16% Solution.
     
    aletheides, Jan 26, 2007 IP
  3. adrian88

    adrian88 Peon

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    #3
    thanks!

    have you tried this before???

    i still think its too good to be true

    do you knwo if this is easy do do in large metro areas?
     
    adrian88, Jan 26, 2007 IP