Leverage for Louisiana Tax Lien Portfolio
Has anyone ever obtained a secured loan from a bank using a pool of Louisiana Tax Liens (Tax Sale Certificates) as collateral? If so, could you please share the bank contact person and/or attorney who created the entity/structure?
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From what I understand a bank won't be able to loan against any of those due to the cloudy nature of the title. You would first have to find title insurance that would provide a policy up to the amount of leverage you would want to take against the property and then maybe a financial institution would be down to do it. I wouldn't necessarily lead with "here are some tax sale lien houses", maybe just get title insurance on them first and try to get a loan on one. Im in north BR and tax lien sales are kind of crazy.
Rip