I applied for a HELOC and when they ran the title it came up that the 8k grant is actually a second "soft" lien against my property that will go away after 5 years which prevents this bank from allowing me to have a HELOC.

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

@Jerry Tello for what it's worth, I invest in tax liens in AZ.

Hey all,Does anyone have any personal experience with First Savings Bank and their 1st lien HELOC?  

While 97% of tax liens are redeemed, the best case for the tax lien investor is when the investor gets the property after the owner does not redeem and the investor forecloses on the property.

I am thinking about investing in tax liens.

If indeed it is stated that the second lien foreclosure is subject to the first, then no, the first will NOT be paid off. 

I just re-read and realized you're talking about getting loans for lien position 2, is that correct?

For your 1st time, pay a Property/Land/Transaction Attorney to review the title commitment with you to make sure that there are only the outstanding liens on the property, and that the owner has title.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction?