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Home > Business & Careers > Purchasing   »   buying a house with tax leins

 
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Old May 8, 2008, 04:43 AM
jnew1
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buying a house with tax leins

HI:
I would like to know how to find the tax fore-closure list for holmes in my area

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Old May 8, 2008, 09:53 AM   #2  
Fr_Chuck
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they are not actually foreclosures, they are tax sales, since there is no foreclosure at the point of tax sale.

Properties are sold normally once a year on the court house steps. So you contact the property tax office and ask them when they hold thier auction.
** it will be for cash or approved check only.

Now in some states you will get the actual tax deed that day, and if anyone is still living in home you will have to evict.

In other states you only get a tax certficate which has to be held for the redemption period ( from one to three year normally) during this time the owners can redeem them with interest, after the allowed period, you can use these to get tax deed or to foreclose ( depending on your state law)
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