First Lien Position

[Luke M.]

I've come up with a strategy to target a market with potential for massive growth in the next few years, and purchase first-position tax liens on vacant lots properly zoned for multi-family. I know it is a bit of a stretch, but I'm hoping to eventually acquire one that doesn't get paid off. Since taxes are low in the area, it shouldn't cost too much to pick up a few of these, and even cover the subsequent year's liens until the redemption period has closed. This county's auction is online.

Here's my question: Is there a way to determine if this is the first year that the property is behind on taxes, so I can ensure I get first position? I don't have a relationship with a title company in the area, and I'll be doing this from a distance.

[Wayne Brooks]

If the county tax records/payment history are online it should be fairly simple. Call the taxing authority. Make sure you understand the process for that specific area, here there is no priority amongst multiple lien/certificate holders.