Updated over 9 years ago on . Most recent reply
Investing in Tax Liens
Hi my fellow BP brethren!
I recently came in touch with Tax Lien investing. I can say that so far so good as I haven't needed to file for a tax deed. Also known as possession of property if the taxes don't get paid back after the state set amount of time.
My question is, does the state deem that "amount of time" as counting from the moment YOU purchased the lien or from the moment THEY issued the lien?
For the sake of this example:
- lien is 3 years delinquent
- State requires 2 years of delinquency for tax deed application
- I buy lien today (see bullet 1)
- I file for application tomorrow
- profit
????
Thanks gang!