Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

When a property owner is late on paying real property taxes, the taxing entity (county or municipality) issues a tax lien on that property, while assessing an interest accrual penalty. The government could wait for the lien to be paid by the property owner, but in order to meet budget needs, would rather get the money now. In 32 states, a tax lien becomes a first lien on the property, and a certificate representing this can be sold at auction. Investors can then buy the lien (cash only) and receives the following in order:

What are the risks of tax liens?
What could possibly go wrong with an investment involving paying a fraction of the cost for a home while collecting either a fixed penalty from the homeowner or possibly the property itself?
For those investors who do not do due diligence, they might find that they have paid good money for a worthless lien.
Before purchasing a tax lien, the wise investor will do a thorough title search on the property and also bankruptcy research. Creditors and the IRS can take priority over tax lien holders, especially in the case of bankruptcy.

Questions for the County Tax Authority
1. Who handles tax liens for the county (Treasurer, Sheriff, Tax Assessor)?
2. Does the county use tax lien certificates or tax deeds?
3. How often are tax sales held?
4. When is the next auction?
5. Where will the tax sale be held? (get the street address, building name, floor
and room number)
6. Where is public notice of tax liens posted (does the county publish a list, will
it be published in a newspaper)?
7. Does the auction take place in one day or over several days?
8. What method of payment is required?

I have an opportunity here. Can I do this or is it more advisable to do re-assigns on REO's and short-sales?

I may be able to purchase for low price, turn around and sell for higher, but finding a buyer within 60 days scares me. and I forget where I need to look for that part of the contract I need to add to give me a way out.

This is probably a fear among many. How does one approach a homeowner that is in the process of being foreclosed on? I want you to share you insight. How did you get the homeowner to connect and trust you? What did you say? How did you get from the porch in the house? How was the conversation? You get were I'm going with this. This is one fear that I have and many others as well, so maybe this could help someone take or break that wall. Thanks to you all in advance for your response. See You At The Top!

How do I find houses with tax sales or tax liens in my local area? I live in New York City and i was wondering about that information. Can anybody please help me?

Hi I am new to buying property. I just found a foreclosure property 3 bed and 4 bath for about $5220. It says it has 1338 square foot property and has 3 bedroom(s) and 4 bath(s). The estimated loan balance is $5220. I am very interested in this property. But I need a opinion, is it a scam? Are there usually other fees not mentioned in ads that get mentioned at the last moment that can be missed or not describe? Have you heard of unexperienced buyers going through this? Or do I only need to pay $5220?

Thank you
Chipmunks

Can someone please tell me how I can get started finding out the pre-foreclosures in an given area of interest. I heard Dean on TV start to talk about it but I had to leave the hotel. I have one property already and would like to move towards another without having to sign up for those foreclosure web sites that seem very seedy.I would love to deal with the banks directly. Any info would be great!!
Thanks
Scott

How do I start? where do I start? How do I use the people with these excellent credit scores and how much can I benefit from it if all they had was good credit. These guys don't mind me doing anything I like with their credit just as long as they don't have to invest any money in it. Now what do I do? What do I look for and how do I profit?

Well here I go with another of my brain spurts so just bare with me.

For a while now I have been working on a project to not only gain a great monthly cashflow, but lock up enough property so that I will OWN my Million dollars in 2-3 years time, max.

LEASE OPTIONS.........