Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
William Hall
  • Plymouth, MA
0
Votes |
6
Posts

Is there any way to get first dibs on a tax lien?

William Hall
  • Plymouth, MA
Posted
Recently I was notified of a potential opportunity in a nearby city by a friend who works for the city foreclosing on properties. The homeowner is 190k in arrears and the city foreclosed the day before yesterday. Currently the property is internet valued at 1.2mil and has no mortgage or any other lien holders. I went there yesterday to see if I could speak with the homeowner and pay the taxes and give him a fee on top of it in exchange for the property but he is kind of out of his mind. The guy eventually came to the door yelling and screaming saying he didn't have to pay taxes because he was a "cripple". So there was really no reasoning with him, he seriously believes he doesn't have to pay taxes. My question is is there any way I can ensure to be in the first position to buy the tax certificate so I don't lose the property? I have the money to invest in this but I'm afraid that someone more experienced will get wind of this and move on this before me. Any advice?

Most Popular Reply

User Stats

13,497
Posts
16,820
Votes
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
16,820
Votes |
13,497
Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

No way to be first in line that I know of.

It legally has to go to public auction.

If you find a loophole I'd love to know about it.

John

  • John Underwood
  • Loading replies...