Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

38
Posts
13
Votes
Sheena Lee
  • Rental Property Investor
  • Midland Park, NJ
13
Votes |
38
Posts

Understanding tax sales

Sheena Lee
  • Rental Property Investor
  • Midland Park, NJ
Posted

I’m starting to research what is involved in tax sales. One town I checked into stated the following: “If the delinquent property goes into the sale, a lien is placed against the property. If an outside buyer picks up the lien, he must hold it for two years from the date of sale before starting the foreclosure proceedings.” It sounds to me like you can’t do anything with the property for 2 years. Any further insight to this? Is this common practice?