Tax Liens

I am interested in learning about investing in tax liens. I was told if I purchase tax liens directly from the state of the municipality that means the title is considered clean from the start - is that true? Any help you can offer me will be greatly appreciated.

Comments(1)

  • quidam2nd April, 2006

    Tax liens have nothing to do with title.

    In a tax lien all you purchase is in essence a loan on the property, you do not purchase the property itself.

    After a specified period passes, then you must take action to begin foreclosure proceedings, which may or may not (depending on the state) result in you ending up with the property.

    In most cases, after this process, you may still have a clouded title and will have to file suit to "quiet title".

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