Comments on: How do I buy Tax Liens? http://taxlieninvestingnews.com/questions-and-answers/how-do-i-buy-tax-liens/ Current news on Tax Lien Investing Sun, 20 May 2012 15:48:50 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Jim7368 http://taxlieninvestingnews.com/questions-and-answers/how-do-i-buy-tax-liens/comment-page-1/#comment-266 Jim7368 Mon, 18 Jan 2010 20:53:07 +0000 http://taxlieninvestingnews.com/questions-and-answers/how-do-i-buy-tax-liens/#comment-266 Actually they are rather easy to do. Contact your local assessors office and ask them for information about their tax sales. It is conducted either by auction or closed bid usually. The process is simple. Most of the time the property is highly undesireable. Once in awhile you find a good one. You will also encounter the scum of the earth at these things most of the time. In IL you need to have two years of delinquent taxes to foreclose the property. If there is no mortgage holder then you can get the property. Actually, technically you can get it if there is but the mortgagor will almost always pay you off to protect their investment in the property and then they will foreclose it. It pays a good rate of return and is secured but there are better ways to acquire quality real estate. Actually they are rather easy to do. Contact your local assessors office and ask them for information about their tax sales. It is conducted either by auction or closed bid usually.

The process is simple. Most of the time the property is highly undesireable. Once in awhile you find a good one. You will also encounter the scum of the earth at these things most of the time.

In IL you need to have two years of delinquent taxes to foreclose the property. If there is no mortgage holder then you can get the property. Actually, technically you can get it if there is but the mortgagor will almost always pay you off to protect their investment in the property and then they will foreclose it.

It pays a good rate of return and is secured but there are better ways to acquire quality real estate.

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