All Forum Posts by: Jamar Jones

@Jamar Jones

I am assuming "outside liens" are mechanics liens, federal liens, hospital liens ect. They are being generated from "outside" of the city.

@Josh McCullough Thanks Josh for the feedback.. quick question.. Now I understand the Owner's Name, which is conveyed on the list but what does the Buyer's name mean to the property? What is the difference between the 'Buyer' and the 'Owner' Column shown on the list.. attached is a screenshot of the list to better assist you.. I appreciate your time and help.. Thanks for your feedback..

This is interesting. I have not thought about asking for these types of list. Thanks for the tip!!

No problem! Glad I could be of help through my inquiry..

@Jamar Jones

Yes, they are essentially the same. Now I’m not too familiar with the lien sale seeing as Philadelphia doesn’t do those anymore but from my knowledge a “tax lien” sale isn’t the same.

Tax lien sales are basically a different way for investors to invest. Rather than bid for the possession of the property, tax lien sales let you purchase the actual tax debt that they owe.

For example, I owe $5K in back taxes, investor purchase the lien on the property for $5K and charges 10% interest (hypothetically) until it’s paid off. It’s a way to invest that has a guaranteed return because whether they sell or it’s sold off at the auction, all the back taxes as well as interests are due to he holder of the debt (investor who purchased the $5K debt).

Let me know if that’s clear enough.

@Jamar Jones

In my opinion, it makes no difference. It’s a situation to situation scenario. I’ve closed on deals that only have been past due for a year. Depends on amount, of it’s vacant, etc etc.

Hope this helps

@Derrick Alexis It does help alot I really appreciate your feedback.. I have just one more question.. Is the tax sale list not the same as a tax 'lien/delinquent' list?.. As they both show owners that are delinquent in taxes.. thanks for your support..

@Jamar Jones   Can you tell us what state you live in and that will help the state specific experts answer your question.

My general thought is the list is still owned by the original owner, but will soon get sold because they didn't pay their taxes, but depends on where you live.  Either way, they owe something and might be motivated to sell as they are potentially moving down the road to loosing the house.

Hi Bruce, thanks for your feedback.. quick question. Is the tax sale list not the same as a tax 'lien/delinquent' list?.. As they both show owners that are delinquent in taxes.. thanks for your support..

@Jamar Jones

Yes Jamar, that total would be the outstanding balance that the owner is responsible for

Ok great..so would it be wise to target owners only a year delinquent in taxes? I've heard targeting 2 years to 3 years in delinquent taxes..thanks for your time..

@Jamar Jones

The tax sale lists is a really good list to attack because your chances of getting a “motivated” seller increase. Also, the tax sale lists aren’t owned by the bank, they’re properties with delinquent taxes. Bank owned may be at a mortgage foreclosure sale.

Hope that helps