All Forum Posts by: Josh Garner

I will do that. Well worth a few notes to have someone educated on the matter to make it clearer.

Youve been a big help Wayne. Thanks again.

Thanks Wayne. This is clearing up a bit.

I git confused by this line

"Any interested party has 10 days from the day of sale to object to the Certificate of Title. On the 11th day after the sale, if there is no objection filed, a Certificate of Title will be issued"

It appears im looking at the actual forclosure auction. I think I got the lists mixed up. So I bid here...win...get the CT. Then I have to pay any historical debts, hence the potentially high risk.

It is the tax deed that requires the hope that someone purchases the home. The tax deed list has a starting bid but the CT list does not.

Wayne, is there any literature of integrity you would suggest on this topic? I would like to more fully understand the risks and potential rewards for each strategy.

Thanks Wayne. Yeah I suppose I am really messing up the lingo. Im new to this all together.

Im looking at 2 parts of my desired county's site. One for certificate of title auctions and then one for tax deed auctions. The way I understand CT investing is that you cant really do anything with the property. Rather you rely on somone to pay that back. And that you only own the home if after a while nobody purchases the forclosure then it will go to auction and I find my roi there.

I apologize. Theres so much info out there and none of it seems to agree.

So lets say I go to the auction for the CT. I bid. I win. I am unclear past that. I gather that I then am pretty much waiting around with the exception of a few strategies to expedite or delay the process. But either way im counting on someone to pay it back to me plus a small profit. Is that not correct? Im looking at the list here..

http://clerk.co.clay.fl.us/Search/nos.aspx

Am I just confusing all of this? The way I see it im bound to make a ton of mistakes and thought this a great way to understanding more about the process etc. Withouth losing too much. If I make a small roi then that would be neat but im trying be as realistic and prepared as possible.

Ive been talking with a woman who acquired her house through the purchase of a certificate of title at the courthouse auction. She swears that while you hold the certificate of title, and until that tax lien is satisfied to you then you may rent the property out. This sounds a littlle out if sorts to me and was hoping someone could shed some light on what I may or may not do with a certificate of title. I was under the impression that this type of investing was in the hopes that the new house would be sold and you were to collect your investment plus interest/penalties.