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URL:  http://boards.fool.com/ecchiang-i-was-all-psyched-about-liens-and-called-22421987.aspx

Subject:  Re: looking for more information Date:  4/29/2005  8:11 AM
Author:  LuckyUte Number:  25 of 52

ecchiang:

I was all psyched about liens and called my county courthouse. Turns out they sell all their liens to some private company! That was disappointing. Anyone know anything about investing in liens online, or in Ohio?

I know that in Ohio there are only (I believe) four counties approved by the State to sale liens, Franklin, Cuyahoga and two others I can't remember right now. I know that Cuyahoga has sold liens in bulk to investors in the past. It saves the County the expense of holding an auction, such as publicizing, materials, staff, etc. The County puts out an RFP and investors bid. Makes it simpler and cheaper and in today's environment, they don't need to worry about getting less than 100 cents on the dollar.

I believe Franklin County (Columbus) sales by auction, but I am not sure. You may wish to verify which counties are allowed to sell liens, and then check to see if they have an auction scheduled or if they sell by RFP in bulk.

Roger
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