Oklahoma County Tax Lien Investors

Comments(8)

• 
  active_re_investor23rd June, 2004

  There are some OK lien/deed investors on the Yahoo group Deeds2Success. It has been a while since I was active there but a few folks seem to invest nationally including OK. One auctions his properties that he gets from tax deeds on eBay.
  
  John
  [addsig]

• 
  johnbriscoe23rd June, 2004

  Thanks John
  I'll look it up on the yahoo board.

• 
  achab23rd June, 2004

  Quote:
  On 2004-06-23 18:45, johnbriscoe wrote:
  Does anyone have experience buying tax lien certificates in Oklahoma County? How does it compare to Florida and Illinois?
  Thanks
  
  
  Hi John,
  
  I bought about 10 OKC tax liens over the counter 2 months ago (don't try that now - law has changed last month). I can't tell you how it compares to Florida or Illinois though, since I never tried those 2 states.
  
  If you seach this Tax Lien forum, you will see that I asked a couple of questions about Illinois and received some very good (though discouraging) responses. I personally have no interest in Florida since the law doesn't lead itself to acquiring houses for back taxes. As far as I know, Oklahoma, Illinois and Arizona are the only 3 states that lend themselves to that with a reasonable probabilty of getting the liens you want.
  
  I believe Kentucky and Wyoming use random selection like Oklahoma, but that's little good when there are 100+ people who want the same lien. Both state have high (over 10%) redemption interest.
  [addsig]

• 
  johnbriscoe24th June, 2004

  Achab
  Thanks for the info. How did the Law change in Oklahoma?

• 
  RonaldStarr24th June, 2004

  John Briscoe--(WA)----------------
  
  It changed this month, on June 3.
  
  The governor, BAD Henry, signed into law a change that eliminated buying tax liens over the counter after the tax sale in Oct. Now there are only a couple of times to bite the apple: at the tax lien auction sale and at the tax resale auction about two and half years later.
  
  This eliminates an excellent way to make money with tax sales and tax liens in the state of OK.
  
  Good Investing**********Ron Starr************

• 
  achab24th June, 2004

  Quote:
  On 2004-06-24 12:38, RonaldStarr wrote:
  John Briscoe--(WA)----------------
  
  It changed this month, on June 3.
  
  The governor, BAD Henry, signed into law a change that eliminated buying tax liens over the counter after the tax sale in Oct. Now there are only a couple of times to bite the apple: at the tax lien auction sale and at the tax resale auction about two and half years later.
  
  This eliminates an excellent way to make money with tax sales and tax liens in the state of OK.
  
  Good Investing**********Ron Starr************
  
  
  
  Hi Ron,
  
  Actually, the bill was signed into law on May 3, and went into effect immediately. I had several requests for tax liens pending in OKC, some of which I mailed in February and were waiting to be processed (they had a couple of months backlog). All the ones not processed before May 3 were returned to me.
  [addsig]

• 
  achab27th June, 2004

  Hi All,
  
  Has anyone in this forum attended last October's tax lien sale in OKC ? For liens on houses, what's the typical number of investors who want it, and among which the treasurer has to make a drawing ? 1 ? 10 ? 100 ?
  [addsig]

• 
  RonaldStarr27th June, 2004

  Abdenour--(MD)----------------
  
  Thank you for the correction. I erred. You are correct, it changed on May 3rd, not June 3rd.
  
  Good Investing and Good Posting**********Ron Starr************