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Updated about 7 years ago on . Most recent reply

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825
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
Votes |
825
Posts

Strategies for legwork before tax sale

Amanda G.
  • Rental Property Investor
  • Augusta, GA
Posted

Georgia is a tax lien sale state. I have downloaded the list of properties up for tax lien sale next month and I've identified properties that interest me either for my own portfolio and/or because I think they stand a good chance of being paid by the current owner (mostly both).
Two properties that are in my preferred farm area are owned by a defunct LLC. They are both worth about 80k and owe 2-3k in taxes. A little internet research has gotten me the phone number of the likely owner. Tax sales remove all other liens, but right now they could be mortgaged to the max. How would you proceed? Wait until the sale or try and cut a deal with the owner ahead of time? I'm looking for strategies and reasonable offers to make.

Most Popular Reply

User Stats

228
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100
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Joe Mclain
  • Consultant
  • Ball Ground, GA
100
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228
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Joe Mclain
  • Consultant
  • Ball Ground, GA
Replied

@Amanda G. - GA is a tax deed state and they call it a  Hybrid state like TX because you do receive a tax deed but there is a 1 year right of redemption.    So its a deed state that acts like a lien state.  Make sense?

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