Yes, I saw the informercial. John Beck, he has a seminar on disk, saying there are actually homes (not foreclosure) but they owe property taxes. Supposedly, they can be had for even much cheaper than foreclosures?





Yes, I saw the informercial. John Beck, he has a seminar on disk, saying there are actually homes (not foreclosure) but they owe property taxes. Supposedly, they can be had for even much cheaper than foreclosures?
MANY MEN WANTED TO LAY ME DOWN, BUT FEW WANTED TO LIFT ME UP
-Eartha Kitt
It is a long and maddening process.
In short, you pay the government for the taxes (they always get theirs) and then you have to try and get the tax holder to pay you (usually over a period of two YEARS.) If they don't pay, you get to go through legal motions to have them evicted from the home, the costs of title transfer, etc. etc. These depend on the state you live in, but remember the politicians just want to apply pain to home owners, not to actually enact something making it easy to kick them out. After all, that would be bad in elections.





Hmm, interesting.
I guess that's why, a former bf never (a real RE mogel) never wanted to bother w/foreclosures & such..
MANY MEN WANTED TO LAY ME DOWN, BUT FEW WANTED TO LIFT ME UP
-Eartha Kitt





These days, investing in a tax lien home 'takeover' attempt could become even more risky. If some of the 'can't foreclose can't evict' laws currently under discussion to allow troubled 'subprime' homeowners to stay in the homes they can't afford are actually passed, by implication it would leave tax lein holders in limbo ... i.e. they will have already paid the back taxes but could be legally blocked from evicting the current homeowner/resident and taking possession of the property - under the same logic that would prevent mortgage holders from foreclosing and evicting the original delinquent homeowner/resident.
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