Tax Deed Properties

[Tim Dreher]

Hello BP community,

I have much experience in different realms of real estate. However purchasing tax deed properties is fairly new to me. I'm finding that in a lot of counties/states it is not possible to find out if or what judgements and leins are on a property. I was told you have to hire an attorney or title company to research it for me. Now I know people are not having title searches done on every property they want to buy. I just don't  see that being cost effective.  So what are others doing to find out this information if anything at all. I'm  really trying to do all my due  diligence. I should mention that for now I'm  dealing with Illinois and Florida.

Any help would be greatly appreciated. Feel free to share any other tid bits of info you have learned dealing with tax deeds as well. These are a totally different monster from buying in more conventional methods.

Thanks so much

Tim

[John Underwood]

I get a list of tax lien properties tthat will be auctioned off from the county.

I do not search 1000 of titles to look for issues as most liens and mortgages are wiped out as long as they were properly noticed.

I have been buying tax lien and getting tax deeds for over 10 years and this method has worked well for me.