Why can’t an individual buy a Tax lien on property in New York?
Nov 02, 2009 in
Questions And Answers
I live in NY and I was told this by someone in the city’s finance department. She told me that i have to wait until the property is sold at foreclosure at the courthouse. Is this true?
I went to the courthouse to check the record for foreclosures but there are so many departments. I do not know if should go to the Block index or Docket.
Can anyone help me out? I will give 10 points for the best answer…
Like this post? Subscribe to my RSS feed and get loads more!
One comment
Professional Home Investors on November 2, 2009 at 1:17 pm
That is not correct. You have to wait for the lien to be auctioned off. This happens in most counties once a year. Others do it monthly or semi annually. To be even more specific any liens that do not get sold on the auction they get what is called struck back to the state. Meaning they can be purchased directly from the county assessor. Go to the county assessors office and ask them or just call them. It differs county to county however so you need to be specific. There are organizations that will do all the work for you. I know of one that seems decent nationwide tax liens their website is http://www.nationwidetaxliens.com. If you want to do all the research on your own go to the county site and start there. Here is one county’s site. http://www.nassaucountyny.gov/agencies/Assessor
You must be logged in to post a comment.