Tax deliquent, vacant properties
Does anyone have any experience with doing foreclosures on tax deliquent, vacant properties through the county?
Im looking at a county land bank website where you go through training/preapproval procedures and then you can see all the homes not paying taxes and have the county investigate if the property is vacant, in which case you can take control of the property, pay a fee, pay the taxes, and make a commitment to repair the property within 6 months.
Does anyone have any experience with this? It says the process usually takes 12 to 18 months. If its a legit way to acquire properties at great prices then im happy to jump through as many hoops as need be. But if its a non starter or waste of time, id like to know before i invest too much time in it.