Ask Experts Questions for FREE Help !
Ask
    Collegeboy666's Avatar
    Collegeboy666 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 7, 2009, 06:59 AM
    Tax Lien Investing: Arizona And other places
    I'd like to know how it is possible to invest in Tax Liens in Arizona and in other counties across the country by acquiring the property. How does one end up owning a property through Tax Liens in Arizona and in other States/counties?

    And if this is a possibility, do you own the property free and clear once you do end up owning it?
    Do you have to pay the delinquent homeowner's mortgage lender the difference if you sell the property?
    Like if I end up owning it can I sell the place for its entire market value and get all that money for myself?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Apr 7, 2009, 07:17 AM

    First, if there is a mortgage on the property its unlikley to go in a tax sale. The lienholder will pay the taxes to protect their interest.

    Second, properties that go in a tax auction are often long abandoned properties in deteriorating condition that would require a significant expense to make saleable.

    If they are in a reasonably good condition then the auction price will probably be a lot more than the taxes owed.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

I have a California & an Arizona LLC doing business exclusively in Arizona. [ 2 Answers ]

I have a California & an Arizona LLC doing business exclusively in Arizona. Must we pay both CA & AZ LLC taxes?

Charging lien vs child support lien [ 3 Answers ]

In 1997 when I divorced I was given the marital house to live in until our child turned 18. My ex's attorneys put a charging lien for fees on my (ex's interest) of the marital home. When our child turns 18 I was to sell the house and my ex had to pay me all that he owes me and we were to split any...

Lien in Arizona [ 3 Answers ]

I would like to apply a lien on vehicle property in Arizona. Not actually a vehicle although considered one in Arizona. Is registered as a vehicle every year. A Park model, what is the process to achieve this. Someone there owes me a lot of money. I am from California

Filing a lien from Arizona to Illinois against real estate [ 1 Answers ]

My brother who lives in Illinois has fallen on hard times and is without work. I live in Arizona and have been assisting him financially ($30,000) by using my kids college education money. I would like to file a lien on his property that is currently for sale so I can guarantee my return. He...


View more questions Search