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Updated about 12 years ago on . Most recent reply

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1,078
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Jeff Kehl
  • Rental Property Investor
  • Charlottesville, VA
726
Votes |
1,078
Posts

Properties where the county buys the tax lien

Jeff Kehl
  • Rental Property Investor
  • Charlottesville, VA
Posted

I am very new to tax lien investing. I bought a couple last year to see how the process worked and I'm now going through the legal process to get clear title on them.

Our county is having an auction next week to sell off all of the properties that no one bought at the tax auctions over the last couple years. The county seems to buy the lien on any properties no investor bids on.

The auction says the county will convey their interest in the property via quit claim deed and they haven't taken any title action to take ownership in the property. I have researched the properties and have found a couple with small houses I am interested in. Some of them seem to be occupied.

So my question is this, if I buy the property from the county at this auction, do I have to go through the legal notification and title process before I take possession? This is taking me about 6 months on the liens I currently have.

I'm checking this with my lawyer just wanted to see if anyone here has experience with it.

Thanks.

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