In 1998 I did a deal that played out like so:1- I had my agent find me a property in a so-so neighborhood for 32K.2- I offered 18K with $50 down; It was accepted.3- I asked the seller for the zoning certification and proof of title (I knew that my end buyer would request the same from me).4- My contract with the original seller stated that I would pay the balance in 30 days.5- I found a cash buyer in 12 days. 

what is the purpose of a 'proof of funds' letter, when is it asked for and under what conditions is it issued?

@Sharon MihalyakAll tax lien has a shelf lien, meaning after certain time as specified by the state statue, If you do not foreclose on the lien. the certificate will be void & have no enforcement value. 

I do not know the laws in your state, however in my state (CA) you'd have to go by Brother's date of death property value and determine if a summary probate is sufficient or if a full, probate estate was necessary.Your friend will need death certificates for all as well as recorded deeds and take to a qyalified real estate attorney.

It's that time of year again and investors are fighting it out for tax lien certificates in Collier County.

All of those do apply here.Additionally, becoming a property owner by way of foreclosure sale and sheriff deed or certificate of title is an operation of law.  

In CA, title insurance companies don't know who the beneficiary of the trust is, they are only entitled by law to a certification of trust which doesn't identify the beneficiary, having said that, not all title company's will insure a title holding trust. 

. :)I am a novice investor currently investing in local Tax Lien Certificates in my area.I am seeking to revitalized this discussion because the most recent post prior to my general inquires are between 2-7 months old.Please feel free to reach and network with me my professional background is taxation coupled with QuickBooks.Anyone interested in jump starting the Tax Lien Certificate forum with new introductions, and information??

(get seller to pay the closing costs and you can get a decent house pretty cheap)The cons: -you will have to pay PMI for life of the loan- contractors that do the work need to have all proper paperwork, and lead cert if doing lead work (these guys can be a lot more expensive)- 3.5% is based on total project cost, not just the price you pay for the home.

Then check the taxes to see if there are any delinquencies there or if a tax lien certificate has been sold on the property.