Answer About Due Diligence for Florida Tax Liens

Posted on August 26, 2011 by Joanne

This is an answer to a question from Carol about doing due diligence for Florida tax liens.

Question: I’m looking to invest in tax liens in Florida. I was wondering how you can find out what judgements are attached to the property?

Answer: The truth is that I do not bother to look for liens and judgements on tax lien properties until it’s time to foreclose on the property. Since a tax lien comes before other liens, except for government liens, I don’t worry about it. It would be very time consuming to check for liens and judgements on every property that I want to bid on. Especially since about half of the properties will probably not even be available to bid at the day of the tax sale. Some people wait until the last minute to pay their taxes and remove their property from the tax sale. Also you may bid on quite a few properties and only get 1 or 2. To me it seems like an awful lot of work that is unnecessary for tax liens.

If you are purchasing tax deeds, however, you must look to see what liens or judgements are on the property. This is?because you are actually purchasing the property, not just a lien. The way to check for liens and judgements is to search the public county records in the county where the owner of the property resides. You need to search the name of the owner or owners of the property.
Disclaimer: I am not an attorney, accounting, or real estate professional and any advice that I give you is purely for educational purposes. It should not be taken as legal advice. I suggest that you seek out a legal professional in the state that you are investing in for legal advice.

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About Joanne

Joanne Musa is known online as the Tax Lien Lady. She helps people who want to invest their money profitably in tax liens and tax deeds and get high returns on their money without the typical risks of real estate investing or the uncertainty of the stock market. Get your free special report on "7 Steps to Building Your Profitable Tax Lien Portfolio" by Clicking Here.
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2 Responses to "Answer About Due Diligence for Florida Tax Liens"

  • By Velvet Schweiner September 12, 2011 - 6:50 am

    Hello would you mind stating which blog platform you?re working with? I?m looking to start my own blog in the near future but I?m having a hard time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I?m looking for something completely unique. P.S Sorry for being off-topic but I had to ask!

    • By Joanne September 13, 2011 - 12:17 pm

      Hi Velvet,

      I use WordPress and I use a paid theme for most of my blogs called flexx canvas.