Generally the lien is not extinguished. However, the bankruptcy court can lower the interest rate to be paid, thus making your investment less profitable than previously anticipated. Also, if you are listed as a creditor you have to file a proof of claim, showing how much you are owed, or you may lose all rights.
Generally the lien is not extinguished. However, the bankruptcy court can lower the interest rate to be paid, thus making your investment less profitable than previously anticipated. Also, if you are listed as a creditor you have to file a proof of claim, showing how much you are owed, or you may lose all rights.
have you had a property owner file bankruptcy at the same time that you held a tax lien?
No. But I only started investing in tax liens a couple of months ago.
This is a good index page to start and then deduce. Most are FREE.
http://www.searchsystems.net/list.php?nid=11
Good Researching
Joel
do most here think that on-line tax lien auctions generally make buying tax liens an unprofitable exercise?
would you be interested in tax sales in western states?