Tax Deeds Vs. Tax Liens.....
In Idaho it says were a tac deed state not a tax lien state it also says "No tax lien auctions, only tax deeds are sold " and says "No interest rate, state only conducts tax deed sales"
so if there is no interest is an investors only hope to have the property go unpaid for 3 years and optain that property?????
I've been looking but I can't find anything out..... hummmmm....
The search continues...
Heh I am in the same boat here in Oregon. I'm trying to get ahold of someone in the local court house to explain the tax deed to me, but nobody seems to know what I'm talking about. I left a message for the tax collection supervisor, so hopefully she will gte back to me and I can post my findings here.
I heard back and a tax deed is sold after a house has been forclosed on by the state for not paying taxes. They said it usually sells for the FMV, so there is a lot less to gain buying a tax deed as opposed to a tax lein. Damn our PNW states!