There is another way to invest in tax liens besides purchasing tax lien certificates either at the tax sale or purchasing left-over liens from the county.
You can also purchase liens from another investor.
Some states allow for the assignment of a tax lien. That means that if you purchase a lien and you don’t want to wait out the redemption period in order to get paid for whatever reason, you can sell your lien to another investor. It also means that as a tax lien purchaser you can purchase mature liens that are ready to foreclose from another investor. Some tax lien investors are really not interested in foreclosing on the property, they would rather get double digit interest on their money than have to worry about owning and selling real estate, even though they could make more profit by foreclosing on their lien. So when the lien gets close to maturity or even after the redemption period is over, they will sell, or assign the lien to another investor.
A great place to look for liens for sale from investors is on TaxLienLady-database.com, and you don’t need to have a subscription or membership to browse the liens and deeds for sale.? You can go to www.TaxSaleResources.com, the parent database for TaxLienLady-database, and sign up for a free subscription. The free subscription won’t allow you to get the tax sale lists but it will allow you access to the forum and to the market place where you can browse tax liens and tax deeds for sale by other investors. I recently listed one of my own liens for sale. This lien is mature and ready to foreclose, you’ll find the details on the database.
If you’re a tax lien investor who has liens that you’d like to sell, I’d like to invite you to list them for sale on www.TaxLienLady-database.com or www.TaxSaleResources.com. If you list them on either database they will show up in both places.
Happy and Prosperous Investing,
Joanne
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