Who can purchase tax liens in New York City

Okay, so I've heard that in New York City tax liens may not be sold to the general public. But now, I have an LLC, so I was wondering if I can purchase them now.

I recently read this: "The City of New York only sells liens to authorized private collection agencies, not to the general public."

In which case, is my LLC eligble? How do I become an authorized collection agency?

Edited: 06/26/2010 at 11:31AM

Kyle Payne

Real Estate Investor · Chicago, Illinois

31 posts
50 influence

Feb 18 '10, 03:26 AM

New York City Tax Liens are sold as a bulk sale to one buyer. You will not be able to buy NYC Tax Liens. The only way that any City/County in NY is allowed to sell Tax Liens is to sell the whole portfolio to one buyer. We have Syracuse & Schenectady Liens that we can sell. Contact me if your interested.

Edited: 06/26/2010 at 11:42AM

Dennis Xenos

Commercial Real Estate Agent · White Plains, New York

8 posts
50 influence

Feb 23 '10, 12:11 AM

no you can not buy tax liens from NYC

The city will take the property first if there is a default on taxes and sell it at auction

But Neighboring Westchester County Does sell tax liens, considering the Municipality. I have done it for over 5 years now.

If you're interested, let me know.

NY tax lien rate is 12% bi-annually

Edited: 06/26/2010 at 11:46AM

Alfred Castillo

Residential Real Estate Agent · Bronx, New York

84 posts
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Mar 02 '10, 10:06 AM

I am interesting on tax liens in New York! I read couple of books on tax liens and got couple of advice from my friend and told me not to mess with them. The 12 percent a year is not a bad deal.

Edited: 06/26/2010 at 11:53AM

Harry Moss

Real Estate Investor · Yorktown Heights, New York

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Jun 16 '10, 04:51 AM

Hi Denise is right they do in the Westchester area and i have a list of those properties before they foreclose on them so if your interested in them then PM

Edited: 06/26/2010 at 01:15PM

Alfred Castillo

Residential Real Estate Agent · Bronx, New York

84 posts
1 award
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Jun 18 '10, 11:28 AM

Originally posted by Dennis Xenos

no you can not buy tax liens from NYC

The city will take the property first if there is a default on taxes and sell it at auction

But Neighboring Westchester County Does sell tax liens, considering the Municipality. I have done it for over 5 years now.

If you're interested, let me know.

NY tax lien rate is 12% bi-annually

Where do you go to get more information on the Tax Liens in Westchester County?

Edited: 06/26/2010 at 01:17PM

Mr Imhotep

Multi-family Investor · Hollis, New York

1 post
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Apr 23, 11:43 PM

bump!

Alfred Castillo

Residential Real Estate Agent · Bronx, New York

84 posts
1 award
50 influence

May 17, 05:49 PM

Originally posted by Dennis Xenos

no you can not buy tax liens from NYC

The city will take the property first if there is a default on taxes and sell it at auction

But Neighboring Westchester County Does sell tax liens, considering the Municipality. I have done it for over 5 years now.

If you're interested, let me know.

NY tax lien rate is 12% bi-annually

How do I find the auctions dates for the tax liens?