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Jared DeValk
  • Involved In Real Estate
  • Nashville, TN
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Looking for Tax Lien / Tax Lien Property Investors in the Greater Nashville Area

Jared DeValk
  • Involved In Real Estate
  • Nashville, TN
Posted Mar 20 2014, 17:38

I am considering the wonderful world of tax lien investing in the Greater Nashville, TN Area. Since tax lien procedures vary state by state, I would like to hear some ideas as to how the process works in TN. Every time I try to find information, I can't, and when I call the tax assessor's office they sound like they know less than I do about tax liens. Below are my questions. Please help!

-Is it an auction? How exactly does the sale of the lien occur? (I know that they advertise it a month in advance and it only happens June-Jan in Davidson County)

-Are you required to pay taxes during the redemption period? If so, are the "redeemers" required to pay you the amount you paid for the lien, the 10% (TN is 10%) and the taxes you paid during the redemption period?

-Is there anyway to shorten the redemption period?

-What's the best (most affordable, most accurate and then best value) means for researching a tax lien property before you buy the property from the owner or buy the lien at the sale? (Wanting to make sure their are no other claims to the property and I do not want to have to pay a title company $150 for every property that needs to be researched if I do not have to)

-What happens to a property if the lien is not sold at tax lien sale?

-I saw a $1.3 Million property tax lien sell for $27,000.00, does that mean that the buyer could have just bought a $1.3 Million for $27,000?

I'm sure their are more questions, but those are the big ones that I have right now. Thank you!

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