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Updated almost 2 years ago,
Foreclosing on a Tax Lien - Doing it the right way
New to the forums and really interested in leveraging tax liens as a strategy in NJ and NY. I have one major drawback... I can't help but to feel like this strategy has the potential to be highly predatory.
If I am not redeemed on my lien and have to foreclose, it could potentially net out great for me, but it would be off the backs of someone else's struggles. I get this is business, but is there any solution to limit this? Potentially working with the owner on a lease to own solution once I have control of the property or negotiating a subto deal if they are underwater on their financials.
Is this even legally allowed to have this level of communication with the owners.