Question on property currently under tax lien

[P.J. Hankins]

So I found an ad in my local craigslist "You pay taxes, you can have the house."

Long story short, the investor out of OR is telling me the property management company they were working with let the property go, didn't fill it and now the place is trashed and they "just can't do anything with it now" They don't want it any more so whomever wants to pay the taxes can have the property.

After doing my research from home today, i found out that it was sold at the tax sale in Oct of last year (2012) so it has a tax lien on it.

Its a 2 bed 1 bath, pretty small house at 700 SQ. The County has it assessed at $46K and zillow shows a zestimate of $37K.

Given all that, the total tax bill is just over $3100 bucks. Has anyone ever "rescued a house" which had a tax lien on it, paid the taxes on it to "buy" the house. What are the pit falls? Is it worth looking into? If so what steps should be taken.

Things I know need done are:

Quit claim deed to put property in my name. Can this be done before the tax lien is taken care of? I'll have to pay taxes off to redeem the property through the county. I'm sure I'll want to do a title search in there somewhere. I just don't know the order in which I need to take this.