Comments on: How can buying property tax liens get you a house for $3k. Wouldn’t you have to pay of the mortgage loan? http://taxlieninvestingnews.com/questions-and-answers/how-can-buying-property-tax-liens-get-you-a-house-for-3k-wouldnt-you-have-to-pay-of-the-mortgage-loan/ Current news on Tax Lien Investing Sun, 20 May 2012 15:39:32 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: budhah1 http://taxlieninvestingnews.com/questions-and-answers/how-can-buying-property-tax-liens-get-you-a-house-for-3k-wouldnt-you-have-to-pay-of-the-mortgage-loan/comment-page-1/#comment-56 budhah1 Sun, 10 May 2009 21:10:38 +0000 http://taxlieninvestingnews.com/questions-and-answers/how-can-buying-property-tax-liens-get-you-a-house-for-3k-wouldnt-you-have-to-pay-of-the-mortgage-loan/#comment-56 Investing in tax property takes a tough soul. Kicking people out of your house after you "Stole" it from the by paying their taxes that they could not afford. is tough.. In my state of Illinois you buy their property at a scavenger sale, and it is then yours. Mostly garbage stuff, and not worth the time or trouble. Tax sales are also held each year for late taxes that will take you two years to get possession as they have that long to pay the make up their late payment. You are not allowed on property until you get a tax deed. Mostly you get the interest that they have to pay on the tax amount you paid. That could be a big return in itself.. The catch is that there are companies that go around paying late taxes and pretty well have it tied up. At lease at my last auction, it was pretty well in the bag. Mortgage is lost on tax sales.. Investing in tax property takes a tough soul. Kicking people out of your house after you "Stole" it from the by paying their taxes that they could not afford. is tough.. In my state of Illinois you buy their property at a scavenger sale, and it is then yours. Mostly garbage stuff, and not worth the time or trouble.

Tax sales are also held each year for late taxes that will take you two years to get possession as they have that long to pay the make up their late payment. You are not allowed on property until you get a tax deed. Mostly you get the interest that they have to pay on the tax amount you paid. That could be a big return in itself.. The catch is that there are companies that go around paying late taxes and pretty well have it tied up. At lease at my last auction, it was pretty well in the bag.

Mortgage is lost on tax sales..

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