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Updated almost 10 years ago,

User Stats

32
Posts
3
Votes
Tyler Silver
  • Investor
  • Westchester, NY
3
Votes |
32
Posts

Tax Lien Wholesaling - NJ Redemption Period

Tyler Silver
  • Investor
  • Westchester, NY
Posted

Hi - I am familiar with the NY Tax delinquent system where owners have up until the day of the auction to redeem their home and after it is auctioned off they cannot redeem their property.


I have been reading that NJ has a tax lien sale system, where after a year of delinquent payments there house will be sold at a tax lien sale,  and they have 2 years to payback their taxes with the new hire interest rate to redeem their property.  


From the perspective of a wholesaler,  when should I market to the owner of these homes?  Should I market to them towards the end of their 2 year redemption period or before it goes to the tax lien sale and there interest rates possible increase drastically? Or do I target the tax lien owner?

Thanks