Secondary Market for Tax Lient Certificates
Can anybody provide information about secondary market for TLCs?
In particular, since holding TLCs singnificantly diminishes the liquidity of the assets, is there a way to get rid of the TLCs if one wishes to (before redemption/foreclosure occurs). Are there any secondary open forums for TLCs (besides county offices etc.)?
Any information is appreciated.
Thanks a bunch!
Besides secondary markets there are also third, fourth, etc. markets, and yes, it is wise to get secondary market liens, if you are the first lien holder (to avoid a dirty title). Now if you own the secondary market lien and someone else is owning a first lien, you can strike a deal with the previous lien holder and see if you can pay him or her out. Your third markets obviously can then be bought by you directly without the property ever going to auction.
This of course only works in states that take longer to property, wouldn't work in 1-year-to-property states.
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