Tax Liens and Tax Deeds: Resources for Your Due Diligence

by Rachel Seidensticker

There are several ways to practice your due diligence when investing in tax liens and tax deeds. As stated in my previous article, it is important to know your state and county laws, contact local agents, and proceed with caution if using investments agents. I want to look further into investigating! The biggest step to your due diligence is knowing the property that you are investing in and what type of lien you are buying.

Even if you are only investing in tax liens, you still have the potential of OWNING that property one day, so it is crucial that you invest your hard earned money that will make a return on your investment.

Investigate, investigate, investigate.

Once you have a thorough understanding of the laws surrounding your county that you are investing in, it’s time to track down the SALE LIST! From this list, you can use the tax ID number (usually a geocode) of each property to search county property records. Most county property records are now available online. It is considered public information, so if it isn’t online, you can call or visit your local treasurer’s office to retrieve this information. These property records will give you the address of the property that you may want to invest in. This is where contact with a local real estate agent comes in handy or you can do more investigating on the internet on your own.

Here’s what you need to do:

1. Find out neighborhood information by searching other properties in the area that are for sale to see the potential market value. For this you can use websites like Realtor.com, Zillow.com and Domania.com.

2. Use a website like Google Earth to find the location and to see a glimpse of the area.

3. Check out a local newspaper to find out more about the town or certain section of a town.

All of these simple facts and steps safeguard your investment.

Tax sale lists are available from the county department holding the auctions, local newspapers, or even more convenient, on the Database in the Members Area of TaxLienLady.com. Tax Lien Lady Database has all the information you need to practice your due diligence including property record websites.

These lists are your connection to protect your hard-earned money! Don’t ever invest in anything with a blind eye! Get out the spy glasses and become an investigator.

Rachel Seidensticker is an administrator of the TaxLienLady-database for tax lien investors, part of the Members Area at TaxLienLady.com. You can find out more about Tax Lien Lady’s Members Area at http://www.taxlienlady.com/Membership.htm.

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