http://taxlieninvestingnews.com/questions-and-answers/how-do-i-purchase-tax-liens-in-new-york-city/ Current news on Tax Lien Investing Sun, 20 May 2012 15:50:32 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://taxlieninvestingnews.com/questions-and-answers/how-do-i-purchase-tax-liens-in-new-york-city/comment-page-1/#comment-259 tianaramal Sun, 03 Jan 2010 08:54:26 +0000 http://taxlieninvestingnews.com/questions-and-answers/how-do-i-purchase-tax-liens-in-new-york-city/#comment-259 I'm from Long Island and they post tax lien auctions at the Treasurer's Office website. It is in January of every year. Tax liens work on a bidding system where the winner accepts the lowest interest rate for the certificate. If the property owner does not payback the taxes with interest within two years you can obtain a tax deed which entitles you to the property. It is highly unlikely but it does happen. Also, many banks attend to purchase the certificates of properties that they loaned against that are in foreclosure. I’m from Long Island and they post tax lien auctions at the Treasurer’s Office website. It is in January of every year. Tax liens work on a bidding system where the winner accepts the lowest interest rate for the certificate. If the property owner does not payback the taxes with interest within two years you can obtain a tax deed which entitles you to the property. It is highly unlikely but it does happen. Also, many banks attend to purchase the certificates of properties that they loaned against that are in foreclosure.

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