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Investing/Strategies / Tax Lien Certificates


Subject:  Re: Tax Lien Certificates Date:  1/28/2005  2:03 PM
Author:  bogwan Number:  21 of 52

I suggest you find the locations of any county court houses withing 1hr of where you live/work. Go to each and ask how foreclosures and tax defaults are handled. Attend any auctions that occur. See for yourself what is going on. Talk to the people bidding. Each place handles things in it's own possibly screwed up way with it's own rules (so a course will not help you). While there check the title records for your own property, maybe someone famous lived there.

If the court house has a library and friendly librarian you might consider spending some time there studing the law books for more (painfull) details. Also consider paying a local lawyer that has handled these things a few $100 for a few hours to explain it all.

Note that claims of 18% fully secured interest rates on large loans are largely, but not completely, false. Mostly what you will find is smallish $50.00 defaults on sewer bills that will be paid the next billing cycle. Is it worth driving a hour for a shot at 18% on $50.00 for 3 months?,, and might interest you.

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