Tax Lien Certificates Sales
I am interested in tax lien sales. As a newbie I have researched what goes on in MI and learned that MI currently has tax lien certificate sales, but in 2006 only tax deed sales will be permitted. What does this mean? Can anyone point me to a good quick primer on these types of sales. 
Tax Lien = a certificate that bears interest until the redemption period expires (varies by state and sometimes counties). Once the redemption periond has expired, it gives the holder the right to forclose on the property to take physical ownership.
Tax Deed = A "deed" on a property that can be forclosed to take physical ownership.
Prior to actually taking possession of any property I encourage you to contact an attorney who is familiar with the laws in the state/country to ensure you follow all the appropriate procedures.
Glenn
[addsig]
Michigan is now a tax deed state and has been one I think since around 2000. You cannot buy tax liens in Michigan unless if they are existing tax liens from before they stopped selling them and you bought them from the owner of one. Good luck!
RC