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Updated over 6 years ago on . Most recent reply

Curious about Tax foreclosures in Johnson County
I am brand new to investing and currently researching various strategies. I just recently learned about investing in tax liens and began some research to find that Kansas doesn't do tax liens, it just forecloses once a redemption period is up and auctions the house. Many don't sell and then seem to be available for purchase from the county for the amount of the taxes, interest, and county costs. Anyone purchase property this way and what was your experience and or advice? It seems, on paper, to be a cheaper option than looking at a mortgage foreclosure.
Most Popular Reply

Jandle,
My first investment purchase was at a tax sale in Topeka. This was several years ago and if my memory is correct, the redemption period is 1 year. You can buy property at a very good value. The risk is that you can not get in the house to evaluate repairs needed. I would consult the local county counselors office to get more clarification on how the process works.