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Updated over 6 years ago on . Most recent reply
Bruce LynnPoster
#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
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- Coppell, TX
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Can some explain Arizona Tax Lien Process
Bruce LynnPoster#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
I see this auction. Looks like tax lien from private seller.
Do I understand correctly they've bought an $85 tax lien with interest bid to 8% and now selling it for $1200 so that's where this investor makes their profit?
https://secure.**************/mvc/auction/810929
So buying it is a gamble that the owner never pays it off and you could foreclosure on the house.
However if owner pays it off then you would loose everything over the $85 you pay?
Is this typical of AZ auctions?