Newbie in Tax Sale/Tax Deed

[Roy Ghai]

Hello everyone, 

I am trying to get into tax deed/sale, and had couple of questions. I understand every state has a different law in terms of tax deed/lien, and they go based on that. 

- I have encountered states like Pennsylvania which is supposed to be tax deed, but has tonne of tax liens and no tax deed?

- Also, does the tax deed sale usually happens once a year?

- Is there a central database where you can access different websites for different states/city/county which has tax deeds listed or googling particular state/city/county "tax sale" is the right way to go?

- For the research/due diligence, not being a real estate agent - would you recommend using some resources/websites in particular to start off, and see what would be the real value of the property?

- As a newbie would you guys recommend any useful tips or things to keep in mind starting off?

Thank you for all your help! 

[Ned Carey]

@William C. it refers to how the state handles property tax sales. When someone defaults on their taxes, after a period most states auction off the property in order to collect the taxes.

Some states sell tax deeds. You, the investors are actual buying a deed for the property (sometimes subject to a redemption period).  Other states like Maryland sell tax liens.  The tax lien allows you to collect the taxes and interest. If someone eventually does not pay the taxes, you can foreclose on your lien and own the property free and clear.