Newbie Needs Guidance
All,
I have been investing for a while, but have not done anything with Tax leans. Can anybody recommend the best 'beginners guide" to the process?
Also, does anybody know the specific redemption requirements for the state of Utah?
Are you mostly interested in the interest income or are you trying to pick up property?
Check to see what the rules are in your state (or any state you want to buy in). Some states use a process that effectively leads to the tax lien always being paid off (forced auction with the lien holder having no priority in the bidding).
If you want the property then you should consider tax deed sales in states that have them. You need to pay more then when buying a lien as you are buying the property.
John
[addsig]
Check for "Beck", "Stubblefield",
"Moskowitz", perhaps "Baranzedeh" in this forum. Your question has been asked and answered many times before.
Check for "Beck", "Stubblefield",
"Moskowitz", perhaps "Baranzedeh" in this forum. Your question has been asked and answered many times before.