Tax Lien vs Mortgage Foreclosure/Auctions

[Chelsey Jimenez]

Which is better? To me I would think Tax Lien properties? There are tons in my area that appear in good condition. In my county they also give you a time frame before putting down the 10% deposit after auction to get title checked. This seems less risky, am I thinking of it correctly?

[Wayne Brooks]

In referring to auction.com, you are dealing with a REO most likely. Not a tax lien, and likely not a foreclosure auction. The best $200/$300 you can spend is to sit down with a local RE attorney. Tax lien and tax deed auctions are much More complicated than mtg foreclosure auctions.