By Gilbert Bennet of? G Bennett 3 Investments and Andy Severino of ?http://www.neworleansrealestatenow.com
Louisiana is a great state for Tax Lien Investing.? I?m going to start with the basics here, Louisiana:
??Is a Tax Lien state
??Is a bid down state
??Has a 3 year redemption period
??Has additional 6 month period for advertisement and challenge to quiet title
Who sells property tax liens in Louisiana?
In most parishes in Louisiana, the sheriff is the taxing authority and the sheriff holds the tax sales, in New Orleans ? one of the state?s largest tax lien markets, the municipal treasury is the taxing authority and therefore responsible for the tax sale.
In many parishes tax lien auctions are held at a site determined by the sheriff and require you or a representative to be present, however, a growing number of parishes have been hosting their auctions online.? For better or worse, online auctions, where they take place, have significantly increased the number of participants in the auction, and, after some initial trepidation, increased the number of investors willing to bid less than 100% ownership for the taxes. Continue reading
Follow Us!