Tax Lien And Tax Deed Listings
Can anyone tell me how I can get listings of tax liens and tax deeds in my own state as well as other states?
How much is too much to pay for listings?
Thank you,
Favour58
Can anyone tell me how I can get listings of tax liens and tax deeds in my own state as well as other states?
How much is too much to pay for listings?
Thank you,
Favour58
free at the county recorder office...
Thanks.
I saw alot of companies that advertise their lists but they cost alot.
Thanks again for your reply
I get my list a couple weeks before the sale from the newspaper.
The auction is on Monday, and even on Sunday night people are paying their taxes online, so the list changes a lot from when they put it together.
Well, if you register for the sale you can purchase the list from the county. Yes, if you are really cheap you can use the newspaper. The problem is between the time the newspaper list comes out and the actual sale almost a full month or more passes. At the sale things can go fast and you will not be able to follow the actual sale list from your newspaper list. About 20% of the properties would have redeemed between the newspaper list and the final sales list.
You could easily buy a property you thought was next, but was not on your "buy" www.list.The county also issues updates. You can also continuously update your list by using the treasurer web site (if the county has one). Our company uses proprietary software to do this automatically for our intended counties. This saves a lot of time (and therefore money in the research. The research is the most expensive part of this process. Good luck to you !
You can get some of these tax liens and other bank foreclosures list on your local state or county website. Some of them offer a free list which would help you.[ Edited by CarlaHailey on Date 01/05/2011 ]
Each state and county are a little different. The month they are held varies and some have multiple sales each year. Some states have a flat rate 12-18 % per year, where others have a bid down and may pay at or near 0%. You can hire someone to bid for you in case there are multiple ones on the same day. There are on-line ones that you can bid on ahead of time too. So, research and find out how it works for the states you want to bid in.
Here is the basic about how it works in the states I bid in: you file a W-9, give the county a blank check, and pick up an auction card. On auction day/s you can bid on as many as you have money to cover or pick up a few each year. Some of mine have not been paid for several years and the pay back was 37.5%.
Of course many hope to get a property for back taxes, I have been told it occurs in 2-3% of the cases on average. Recently, with the economy, the speed of people paying has slowed and I expect more to be redeemed for back taxes.
Do your research and best of luck in getting what you want!
ddstew, perfect answer. Thank You!
PlumMet:.......
When I started buying liens several yars ago I first read a book titled ( I think) "The 16% Solution".
It provided some good basic information for each State.
I know some of it is now out dated, e.g., South Dakota reduced the interest rate paid and levied a redemption fee against the Lien Buyer!
Basically there are different dates, rules, and policies for every state regarding biddings and auctions on real estate properties. You can search online and look for such events in order to participate tax lien sales that provides good investments for you.
Thanks guys