O% Bid On Tax Certificate

Quote



On 05-27-2007 Quidam wrote



Homestead property is popular so it will e bid low, often times down to 0.25% (the lowest under Fl law except for O% which only a fool would do)





what are the advantages and disavantages of bidding this way?

Comments(1)

  • cycledog7th June, 2007

    mahogany
    I was trying to figure it out myself...
    Seems like a lot of investors have different objectives.
    An investor might contact the owner and interview them and find they will sell them the house for a lowball offer they will then get title signed to the investor and the investor will pay the back taxes.
    Sometimes friends or relatives will help them pay their taxes.

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