All Forum Posts by: Kaiya H.

Thanks @Josh Carr!

Thanks for the input Joe and Peter!  The municipality from which I'd like to buy liens only holds online sales, so there is no opportunity for me to attend a live auction.  I am aware of the "big dogs" out there, but I'm committed to doing my due diligence, being patient, and investing what I can.  In my target municipality, they had 3000+ liens up for sale and tons left over - and they weren't all junk!  In fact, in the target neighborhood I'm looking at, I've got about a half-dozen decent prospects that weren't sold.  I was actually able to verify the provision in the law that allows for In Rem foreclosures when purchasing liens after the auction from the municipality (N.J.R.S.54:5-86).  My next task is reaching out to the city to find out their process for assigning the unsold liens, as I know they don't hold separate sales for them.  I appreciate the input as I think about strategy going forward!

Hey All!  I am interested in investing in tax liens.  Several years ago I read Michael Pellegrino's book on Tax Liens but unfortunately I cannot find it anywhere in my home!  I *think* I remember that in the book, he stated that in NJ, when tax liens aren't sold at the auction and are subsequently purchased on assignment (or "OTC"), the redemption period shrinks from 2 years to 6 months from the date of the **auction**.  I also *think* I recall him also stating that if the property is abandoned, there is no redemption period.  I searched through the NJ laws governing tax liens and sales (NJSA 54:5) and I cannot confirm any of this.  Does anyone know if what I think I remember from the book is accurate??