People keep telling me that I can purchase tax liens and deeds over the counter, yet I haven’t found many counties that do it or there simply is no surplus. I am just starting out and can’t compete with seasoned investors at an auction, and I didn’t want to wait the entire redemption period. Any advice or direction?
Hi,
Properties may occasionally be available where the county could not sell the tax lien certificate (and the certificate period has expired without being sold) or could not sell the actual property at the tax lien auction!
But your delema is simple, go to a tax sale auction in a county or state where you are buying the physical property rather than the certificate!
GR
States which are purely tax deed states generally do not sell tax deeds over the counter. States which do - Florida, Pennsylvania, Texas, West Virginia - are actually hybrid tax lien/deed states, It is not as simple as walking up to the counter with a check and walking away with a free and clear deed. Most OTC states are those which sell tax liens.
You can buy tax liens through a competitive bidding. Different state have their own set of rules for tax liens sales.