Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 6 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?