Possibly looking at Oklahoma!

[Doug Phillips]

Hi everyone,

My team and I are possibly looking to get in the Oklahoma market.  I've invested in tax liens/deeds in FL and Indiana and now shift my focus to the upcoming annual auction in OK.  If anyone has any insights, tips, or things to stay away from, I'm all ears.

Thanks!

[Cassi Justiz]

Hey @Doug Phillips, 

Good luck with getting into the auction scene! I haven't been involved in it before but I've considered watching it for entertainment value. Other than the typical auction stuff (sight unseen bids, existing liens, crazy competition, trying to interpret weird legal descriptions, etc), I've heard title issues are pretty common with these types of sales. Again, I'm not pretending to be an expert so I'm not sure if that's how all of the tax and/or sheriff sales are or if it's just a local thing. 

You definitely want to verify this, but my understanding is that even if you purchase the property at the tax sale you still do not get the full deed to the property.  I have heard that a lot of people will end up needing to do a quiet title action to get everything squared away.  

I have heard that some people do really well with tax sales, I just haven't ventured into that space. Good luck!