Just how important is it to check for proper notification before you buy a tax deed?
It’s very important, and could mean the difference between owning the property or losing it to either the original owner, a lien holder, or one of the original owner’s heirs and you can read about in this article from thetimes-tribune.com.
Click Here for an abstract of the article
In this case the investor made 2 mistakes. It appears that he did check for notification and knew that the owner was not properly notified, but he purchased the property at the tax sale anyway. His second error was that he did not record the deed to the property. Some PA counties will record the deed for you (and charge you a nominal fee for that, as well as a realty transfer fee) when you purchase the property. But in other counties the investor is responsible for recording the deed.
It all goes to show that you really do need to know what you are doing when you purchase a tax deed. There is much more to doing your due diligence before buying a property at a tax sale then assessing the value of the property. It’s all covered in depth in lesson 3 of the Build Your Profitable Tax Lien Portfolio home study course – which covers investing in tax deeds as well as tax liens. Find out more about it and enroll today at http://ProfitableTaxLienPortfolio.com.
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