Protect Your Tax Liens

By dhinternational  /  April 17, 2015 / Comments Off on Protect Your Tax Liens

Protect Your Tax LiensProperty tax liens are fun investments. It lets you reap profits from real estate wherein homeowners can no longer pay their property taxes, or just let it go for personal reasons. However, just like other investments, there are things to take notice in order to avoid loss of money.

Unless you have an excellent real estate lawyer and good title insurance, there could be a risk when purchasing a tax lien property. If there’s a lien against the property or an outstanding building code violation, then you would be responsible for paying that back as the new owner. This is why in turn you need to get the assurance that the seller of the property actually holds the title. Acquiring a deed warranty and title assurance can protect you against title fraud.

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