Tax Liens in Maryland.

[Chinmay J.]

A group of investors that I am associated with is considering investing in Maryland Tax Liens.   I know the basics of tax lien investments, but wanted to gain some insight in two things:

a)  What is the qualification  process one has to go through beforehand to ascertain whether a particular tax lien is a potential good investment or not.  My understanding is that a tax lien will wipe out majority of junior liens, except for say IRS debt. 

At one point when I inquired about this, I was informed that a basic title search is necessary on the property to see how cloudy the title is for the investment - especially when it comes to chain of ownership, and whether the potential investment would qualify for getting Title Insurance. 

Who are the players in Maryland who can help out with this.. Are there title companies or real estate attorneys who specialize/ assist with this. 

b)  How complicated is the foreclosure aspect in Maryland if the taxpayer doesn't pay during the redemption period. How do bankruptcy laws interfere with one's ability to foreclose on the property? My understanding is that it can severely delay the process.  Who are the players in Maryland who have experience with helping investors with this kind of issues. 

Any thoughts from the experts who might have knowledge of this topic.  @Ned Carey @Russell Brazil