Tax Lien asset For Sale - How to Find Them For Free

Finding a tax lien property for sale is pretty easy. Looking a property that is worth buying, especially in today's economic climate, is a bit more tricky. My goal with this brief narrative is to show you 3 separate ways to find pending tax lien sales worth buying... And how to find them for free.

But first, the basics...

County Property Tax

What are tax lien sales?

A tax lien sale is when a government department auctions off any tax liens against a property to recoup any delinquent taxes against the property. These sales are ordinarily conducted by the tax collectors office or the sheriff's office.

It is important to note that there are two separate ways for the government to acquire delinquent taxes. One would be this type of sale (tax lien sales), and the other is known as a tax deed sale.

In a tax lien sale, the investor is buying the lien itself. The winning bidder will receive a certificate at the end of the auction that entitles the investor to acquire payments for the delinquent taxes, often at a high interest rate. This certificate also allows the investor to foreclose on the property after a specified redemption period if the taxes remain unpaid.

In a tax deed sale, the real estate itself is put on the auction block. The winning bidder takes ownership of the property in the form of a tax deed.

Whether your goal is to spend in tax liens or to bid in tax deed sales, the first step is the same: Identifying properties that have tax liens against them.

Where are tax lien records maintained and recorded?

More times than not, tax liens are filed and maintained at the state level. This means two things for you as an investor:

1. There may be a bit more legwork involved (these databases are seldom on the internet) 2. If there is more legwork, there is a much higher chance that you will find worthwhile properties

Generally speaking, the easier it is to find an speculation opportunity, the less important it is. As my mentor always told me... "Always look for qoute properties... And look where nobody else is looking." The best deals are always the ones not many population know about, or the ones that not many population know what to do with.

With that said, this is...

How to find tax lien properties in your state

1. The county recorders office

This is the most time sharp strategy, but is very accurate. Every county in the U.S. Has a place where group narrative is recorded. This would consist of things like deeds, wills, notices, mortgages and both federal and state tax liens.

Many times there will be a computer on site where you can crusade across the records. Doing a crusade for something like "tax lien" will ordinarily locate a vast list of properties that you can then pay to print out.

2. Tax collectors office

The tax collector ordinarily maintains a list of properties that are going into tax deed sale as well as properties the state is gift tax lien certificates against. Give them a call to make sure they say such a list, and it isn't held at the Sheriff's office. Then ask what the policy is to get one of these lists. They may give you a bit of a hard time; plainly remind them that this data is group narrative and you should be all set.

3. Local Newspaper

As part of the sale process, the county must give "public notice" of all upcoming tax sales. These are always whether before or after the classifieds. Go straight through this section religiously... It is your new golden goose. Make note of the properties that look interesting, and do your due diligence from there.

4. Subscription based list services

This is the only strategy that will cost you some money... Which is why I didn't mention it earlier. Think it a bonus.

Honestly, these types of services are a dime a dozen. Some are better than others. The biggest benefit is the speed that you get access to the information. always look for ones that modernize often; ordinarily speaking, locally based websites are better than national ones. If you do a basic crusade on Google you'll get a list of abundance to choose from.

Tax Lien asset For Sale - How to Find Them For Free