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Tax Lien - Vacant Land
Recently invested in NJ tax lien*, some are vacant land. What should be my next steps for the vacant land parcels?
Do I want to know if there are other liens on property - even as tax lien is first priority? Ask building department if land is buildable? I’ll continue to pay the subs (taxes) if land value is greater than total costs.
* In NJ liens are for 2 yrs and then can be foreclosed on.