I'm a fellow newbie based in Tucson.

Spent the morning adding the Property Type for each lien.Many of the liens will redeem before the end of the auction, but the list as of the opening date shows 2,486 liens this year.

I am looking forward to learning as much as I possibly can from this site and my fellow members!

Like @Chris Reeves states, there is usually an expiration date or possibly a balloon date coming and the worst possible scenario would be having to sell or refinance in a down market.I'm curious to hear what others have done.

I would appreciate any advice and I look forward to corresponding with any of my fellow investors.

Is the interest paid prorated to closing date?

I have a couple questions for a fellow FL investor, if you don't mind...What do you mean when you say "bidding starts at 18% and goes down"?

My husband and I just bought our first rental property in Lehi, Utah, thanks to a lot of the tips, tricks, and courage from you fellow BPers & these forums.

I have 2 questions for my fellow BPers:We are based in California, and are buying out-of-state in Utah.

For example: Investor contributed 10,000, and will receive 11,000 as a lump sum after sale of the property, plus any interest at 9% APR if sale is more than 90 days after date of lending.To note: I looked in the BP file center and couldn't find anything that fit the bill.Thank you,Julius