No. of Recommendations: 0
Tax Lien Certificates are NOT a no brainer. Just like stocks you must do a lot of research about the property the lien is on before you buy the certificate. The lien is guaranteed by the property BEFORE any mortgages or other liens on the property but as someone already pointed out, if the property is worthless, so is the lien. Many of these properties have tax liens because the taxes are more than the property is worth. You can, however, pick up bargains if you do your research. The main consideration is that at 80yrs old is your mother able to do the research, and if necessary file the proper paperwork to take possession of the property if the payments on the lien go into default? If not, who will handle the investment? This is an investment I would not recommend unless you have some kind of background in real estate.
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