Comments on: Comments On a New Tax Lien/Deed Investing Site? http://taxlieninvestingnews.com/questions-and-answers/comments-on-a-new-tax-liendeed-investing-site/ Current news on Tax Lien Investing Sun, 20 May 2012 15:30:00 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Ted http://taxlieninvestingnews.com/questions-and-answers/comments-on-a-new-tax-liendeed-investing-site/comment-page-1/#comment-149 Ted Mon, 20 Jul 2009 02:44:08 +0000 http://taxlieninvestingnews.com/questions-and-answers/comments-on-a-new-tax-liendeed-investing-site/#comment-149 Most counties would like to sell in negotiated transactions "over the counter" to politically connected friends who would pay next to nothing. For this reason, state laws require the sale to be at a public auction. So, that part of your idea is illegal. The most important thing to me is that the owner redeem the tax lien because I don't really want the property; I want to earn my profit on the transaction and move on. I need to know that the site really is worth something. My nightmare is finding myself the owner of a toxic dump and being legally responsible for cleaning it up. I check the records and find out how often this has happened before. I love to find an owner who has periodic cash flow problems and repeatedly falls behind on his taxes and then catches up. Most counties would like to sell in negotiated transactions "over the counter" to politically connected friends who would pay next to nothing. For this reason, state laws require the sale to be at a public auction. So, that part of your idea is illegal.

The most important thing to me is that the owner redeem the tax lien because I don’t really want the property; I want to earn my profit on the transaction and move on. I need to know that the site really is worth something. My nightmare is finding myself the owner of a toxic dump and being legally responsible for cleaning it up. I check the records and find out how often this has happened before. I love to find an owner who has periodic cash flow problems and repeatedly falls behind on his taxes and then catches up.

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