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Not a Clue!!! PLEASE HELP ME!!!! NEED GUIDANCE & LOTS OF IT!!!

karen1780 profile photo
  • Friday, June 20, 2003 @ 03:59 AM EDT
  • 1 Comments
I keep hearing people talk about getting houses for almost nothing down, or about 1st and 2nd mortgage assumtions. I am very new to all of this and very confused! What I want to do is buy a house that has a tax lien on it with almost nothing down. Is it possible to do this with a tax lien certificate? And if so what is that and how do I go about all of this. Why would someone who has a tax lien on their house want to sell me their house instead of just paying off their tax lien? Can somebody please help me and teach me the basics. I really really want to do this!!! PLEASE HELP ME!!! I live in southern NJ if that helps any. Thank you so much!
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  • TravisByrd
    TravisByrd19th June, 2003
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    I am not exactly sure how NJ tax liens work but I can tell you this. Only about 1% of purchased tax liens get to the foreclosure stage. And in many counties it is such a complicated process that it requires legal assistance.

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