There is a system out there being sold stating that you can contact property owners who are delinquent before it goes up for the tax sale possibly buying the property for a token amount, assuming the taxes, recording the deed, & then turning around flipping it for a quick profit NEVER actually paying the taxes but rolling them into the price where it's still a bargain.Or buying the tax deed for pennies basically, recording the deed, then letting it go up for auction.

Check out this story about a house that sold for $1.75 on E-Bay!

It's not sold as giving a boost to the economy, but rather preventing a crisis in our economy...

In a few cases the houses were stripped out on the inside and the parts sold off.

Most likely, many of the units were sold to investors.

But the RTC sold a grand total of 19 packages.

I started out in REI in Florida (and want to invest there) with duplexes, sold out at the top of the market (lucky me) and bought the Rte 66 KOA.

Loans are frequently bought and sold, and I don't believe these changes of ownership are recorded.

Of the ones I do have priced 80% are under contract or sold.

Desperate sellers will do just about anything to get their homes sold.