Going after a home that has a tax lien already purchashed

[Jim Montville]

I found a home that has been vacant for a few years due to the owner passing away.After some research I found the property has a tax lien that was bought by a company who buys a lot of them in my area.I was wondering if anyone has tried to purchase a home in this situation.What do these companies tend to do with these liens?I'm very new to this so thanks in advance for the help.

[Reuben Stewart]

Alot of companys that purchase huge amounts of tax liens are looking to make money on the intrest the tax lien will build throughout the redemption period. Most of the time they dont really care about the property its self.

What we do is find any info on the owner, like phone numbers or addresses. And approach them and offer to pay off their tax debt if they are willing to sell me the property. However if the owner passed away, you can find the next of kin and do it that way. But theres some many things that are involved in going that route, if your new to tax lein investing it will make your head spin. You have to really know what your doing going that route. But ive added some nice rental properties to my collection going that route.

Or it dosent hurt to call the company and see if they are willing to sell you the lien for the purchase price and the intrest occured thus far. That wont gurantee the property wont still be redeemed but ts an option.