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Updated over 16 years ago, 06/12/2008
Brilliant? Dumb? Totally unworkable?
Hi all,
I suspect my understanding of liens is faulty, otherwise someone else would probably be doing this already:
Search county tax rolls (many of which are online) to find delinquent/forfieted tax properties in areas you like. Pay the tax, place a lien on the property for the tax amount, then eventually either get the property or get reimbursed the tax amount.
Downside I can see is that it might be a junior lien and get wiped out in forclosure/bankruptcy.
Thoughts? Gentle mockery? Outright laughter?