Tax Lien Certificates..
hello everyone, I am new here and I was thinking of buying tax lien certificates. I got this really reall great course but they failed to let one in on the actual buying perimeters. When you actual buy a tax lien certificate. Do you eventually keep the property? Or does the almost always the owner come back to claim it? And when you do go for the sale, must you do a title search? and an appraisal to be on the safe side? And also if you want to refer these types of sales? Can you sell them like notes or make a note out of it? And if you can; who would buy them? Thanks for all your comments, I really appreciate it! laura! 
Laura,
I'm new at this too, but let me see if I can answer "some" of these questions for you.
<<d when you do go for the sale, must you do a title search?>>
Well, if you don't do a search, I suspect you may risk being subordinated to another lien, though I think that most tax liens have priority. It may depend upon the state.
<<Can you sell them like notes or make a note out of it>>
I would think you could.
<<Or does the almost always the owner come back to claim it>>
I think that is why a lot of investors are counting on that. It is my understanding, that at tax certificate auctions, part of the auction "price" is the interest rate. The lower rate wins. I think a lot of investors are hoping to make short term loans for very high rate of returns.
hth some,
Robert
[addsig]