Redeemable Tax Deeds Drawback and Gain

By dhinternational  /  September 25, 2014 / Comments Off on Redeemable Tax Deeds Drawback and Gain

Redeemable Tax Deeds Drawback and GainAre there any drawbacks to investing your money in redeemable tax deeds rather to tax liens?  If this question bothers you, then it’s time to find out the answers here.

Investing in redeemable deeds has its problem.  There are only five US states that sell deeds and none of them have tax sales online.  Those states are Texas, Hawaii, Georgia, Tennessee, and Connecticut.  It is why you need to attend the sale in order to get the properties you’re interested.

Nevertheless, redeemable deeds are a great investment since you are actually purchasing a property when you go to a tax deed sale.  If the deed is not redeemed by the homeowner during the redemption period, then he is not allowed from getting back his property.  You as the deed holder is the now the sole legal owner of the property.

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