Tax Lien Buying in Fulton County Georgia and Dekalb County

[Juel McGhee]

I am looking to start buying tax lien properties in Georgia.  I went to the courthouse a couple of months ago on the first Tuesday and it was a zoo.  I didn't see any order or system in place. I am new to georgia but not new to buying tax properties in Alabama.  Can anyone suggest a starting point OR share their experience.

[Josh Carr]

@Juel McGhee That goes with the territory sometimes, the mad house, the heat of the auction, higher than should be prices, etc..  Once you have attended an auction you have a better idea of what the prices are and what you need to bring to the table.  I doubt there will be a better system in place for a live auction.  Keep in mind that with GA the 20% penalty will be paid whether or not the person redeems the first day or the last day of the years redemption period.  Most people if they are having a hard time paying their taxes will wait until the end of the year gather their money since it is the same no matter when it is paid.  If it is someone that has passed on or has other reasons for not paying ie: jail, divorce, etc. then it is okay to move forward once the redemption period has passed with a foreclosure if not then you could allow the tax payer an additional years of time for the redemption period for an additional 10% interest rate.  Make sure all the paperwork has been submitted correctly when you file for foreclosure.  No matter how it unfolds, you have a year until you can take action.  All of the counties hold their auctions on the first Tuesday of every month providing they are holding an auction.  Its a great state to work in if you can handle the chaos.