Sometimes the note holder will discount the owed amount by 20-30% to start the bidding at.

Some work was done by the holder (paint, tile) but not all that I wanted to do to make it really attractive.

Direct marketing techniques andIndirect marketing techniques.Direct involves going to the note holders themselves and making contact.

Usually the lein holder of the note will be there to bid what is owed against the note to protect themselves and in this real estate market it MAY be a more profitable route to let the bank foreclose, cure all other liens, and then negotiate with them without the risk of getting in a bidding war on a property that you usually can't walkthru to inspect prior to bidding.

The property owner or mortgage payer still owes for that debt that used to be back taxes, but they now owe it to you, the lien holder, rather than to the taxing agency of the government.- Any late fees or accrued interest on that tax debt after the sale of the lien gets compounded to that debt owed to the new lien holder.- If the property owner does, after the sale of the lien, pay off that debt, the money (plus any fees and interest) goes to you, the lien holder, and not to the government.

You would then contact that lien holder directly and inform them of the situation.

So you can still back out, but no one else can buy it.Foreclosure: The mortgage holder takes your property.

Living & working in the US under a work visa.

American Online Secured Visa - www.apbank.com/021_scc.html5.

Learn from the banks, if they lend more that means it's less risky, and visa versa.