Tax lien

[Adrian Reyes]

Has anybody had experience with tax lien sales? Is it pretty often or rare?

[Sean Edgar]

Hi Adrian. No sure that I fully understand your question. Tax lien sales very often. It is rare that they are not redeemed and you end up with a house for next to nothing. You can make great returns on your money guaranteed by the government. That being said there is still risk involved. 

You may buy a tax lien and then down the road you may have to foreclose on the property to actually get your money back plus interest. During this process you have to pay the attorney fees. These are refundable but the process can take a great deal of time. 

I don't want to steer you away from tax liens but you should be aware of everything that may be involved before investing in them. The returns are great but you may have to go through the foreclosure process to collect.