I was the one asking about free tax lien properties forgot to tell you the state Seattle wash and surrounding?
Jan 22, 2010 in
Questions And Answers
I live in Seattle wash, am 56 years old and want to own my own house and heard I could probably get one cheaper through tax lien properties. But every time I look it up on computor, it ends up I have to pay for the info. Which is a rip off sence I know some where out there I can get this info for free. Just need to know who to contact. Im looking at out skirts of Seattle wash, King county etc. If you should know who I can contact it would be greatly appreiciated. solaedame1050@yahoo.com
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One comment
Big Rob on January 22, 2010 at 8:33 pm
Well I can tell u this, not to long ago I was all over the internet scouring for info about short sales and subject to and you’re right, most of the info u find on the net u have to pay for. I ended up going to the library and checking some books out to get the info I needed. Basically, buying tax liens is actully a niche market and b/c of that people can and do sell courses on how to acquire property via tax lien sales. Check your county tax assesser’s web site for more info. It may be brief but it should give u a little info. Their site should also have a listing of the current properties with delinquent taxes, get the assessers office number and give them a call.
You can also try calling your local IRS office or the office of the area you are interested in (www.irs.gov). Also the treasury department (www.ustreas.gov).
Usually when you buy these properties they are sold "as is" so make sure you take a look at it before u buy. Also, you’re looking at probably paying the taxes owed plus interest and waiting anywhere from 6 months upto five years (depending on the state) for the owner to redeem their property, which is what usually happens, but if they don’t then you foreclose on the property. If they do redeem then you’ve made a great investment b/c you’re looking at a return on your money of 15% or better, again depending on where u live. Hope this helps some.
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