Tax Lien Sales Due Diligence

By dhinternational  /  June 30, 2015 / Comments Off on Tax Lien Sales Due Diligence

Tax Lien Sales Due DiligenceMost tax lien sales are held in auction type and properties are sold to the highest bidders.  If you are the highest bidder, you’re going to get the property but not so fast.  You would have to wait through the redemption period which can last from six months up to two years.  It is a time frame the homeowner has so that he can pay the outstanding tax debt on his property.  If the homeowner repays his tax debt before the redemption period ends, he retains the property.  When this happens, you get back your total investment plus interest rate and other penalties.

Each U.S. state can manage delinquent properties differently.  The redemption period, interest rate, and other fees can vary on how the sale process would work.  So, it is up to you to do due diligence on each state and find out valuable information on tax lien sales.

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