Tax Lien Certificates

Due Diligence

Once you have a final list of the properties you are interested in conduct some research on each property. Each listing should have a legal description and parcel number for the property. These will be necessary when talking with the County Assessor, County Auditor, County Treasurer, Tax Collector, or Recorder. You will want to find out if there are other liens on the property (in case you get a deed). Other liens against the property may be federal liens, association dues such as a condominium, or public utility liens. Also, you will want to know if there is a clean title or zoning restrictions that may affect your plans with this investment. Further, there may be a waiting period before you can get title insurance on property bought at Tax Sales. Each of these potential problems can be easily avoided with a little due diligence.

Go out and do it!

Once you have determined the property you are interested in, it’s time to go to the auction and make your bid. You will want to take care of any requirements in order to participate in the auction. You will need to register for the auction, and may need to fill out some paperwork to get a bidding number. And, you will more than likely need a cashier’s check or cash to make the minimum down payment, or full amount of your bid.