A recent BP article "Faq On Investing In Tax Liens & Deeds " notes this about losing your investment:Is it possible to lose my investment?

Its fine for some people and im not knocking it but I have decided that it is not right for me.But I do intend to attend college when I have enough money to actually go to school for something I enjoy like astronomey and physics.

First I’d like to thank you for welcoming me.Like I said I’m a real estate broker and with the housing market the way it is I noticed more and more foreclosures so I looked around for a forum about foreclosures and found Biggerpockets, the information that is discussed on this site is exactly what I was looking for but what I Like about it the most is the positive nature everyone seems to have anyhowI’ve been an agent since Feb. 07 but my back ground until then has been new builds and remodeling (construction) my interest in homes started along time ago but know I’m getting away from the physical laborand I want to understand homes a little bit differently.I'm not sure just yet what type of REI but so far I’m trying to get a general understanding of it all but, I do, and will have questions.Any questions feel free to ask, thank you

http://www.irs.gov/individuals/article/0,,id=129862,00.htmlShe would not be responsible for the tax owed if she had no knowledge and no participation of the activity that caused the tax due.

The aim of this and the following articles is to help you understand, in layman's terms, how the process works and how you too can learn to use it successfully.If you ask most people, you will find that very few of them even know that this form of investment exists.

Make sure to spend some time in the foreclosures forums . . . there is so much info to learn there.One of our site's contributors, Jim Watkins, wrote an article you should read on our blog today . . . thought you might want to check it out:Buying at the Foreclosure Auction: Beware of Occupied Homes - A Horror Story that Could be YOU!

You can see the article at CNNMoney.

I heard that this law is a model for other states, but can't actually find a copy of the law mentioned in a few articles.

http://apnews.myway.com/article/20071125/D8T4MU7G0.htmlIts a Crazy world with crazy men running it!

Taxes are only 3-400 a year - so even having to pay a couple of years back taxes would be fine.We have physically gone to the property and walked it - it is only a couple of blocks from our house.