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Tax Liens & Mortgage Notes

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Jay Marn
  • Redmond, WA
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Porter county

Jay Marn
  • Redmond, WA
Posted Oct 19 2014, 04:14

Hi All - my first post on this forum and about my first lien purchases. I purchased couple of tax lien in Indiana commissioner sale - porter county.  The liens were not redeemed. One of the liens had a manufactured home on the lot of 9600 sq foot, no the home is removed and other one has 1950 built house, don't know the condition since someone is living in there.  Both are in Locust St, Portage, IN.

the liens including attorney expenditure costed about 2500$ each.  Now

- Should I go for the tax deed on the vacant lot - is it worth the headache to get it and sell the land ( The county valuation is 20K)

- On the 2nd lien - thoughts ? how to proceed and what are the next steps that I should be taking related - Is it worth to apply for tax deed and if so any next steps etc.

I would appreciate any insights and if you have experience please  post it to me. I am also interested in further investing in tax liens and any tips and guidance will be helpful.

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