Thoughts on Tax Lien Sales
Does anybody purchase tax liens as investments? Here in Nebraska they pay 14%, the state handles all the paper work so you don't have to deal directly with the property owners. Foreclosure isn't until after 3 years of non-taxes paid, so I would assume most property owners would get the taxes paid in the 3 year time frame and you would get your money back + interest. And if not you could always go through the foreclosure process after the three years.
It seems like a good investment, but if is such a great deal why wouldn't more people be doing it? Any thoughts?