A lot of time and work goes into purchasing a property at a tax deed sale. Buying tax deed properties can be very rewarding, but can also be frustrating. When we look at what has to be done, the list can get over-whelming:
Find the properties
Check liens against the property
Visit the property
Research values in that area
Decide on [...]
Tax deed sales can by highly lucrative, but be careful of the dangers
Tax deed sales have been the method of choice for many investors. The reason is simple; you have the opportunity to purchase property for pennies on the dollar. All you pay is the tax bill plus a few fees and the property is [...]
Why do counties sell properties?
Counties collect money from property taxes to fund various projects like schools, roads, etc. When property owners refuse to pay taxes, the counties are put in a bind. They still need the money for the projects.
After several failed attempts to collect taxes from the current property owners the counties [...]
