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Tax Liens, Notes, Paper, and Cash Flow Discussions

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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Rockingham Vermont Tax Sale

Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Posted Mar 4 2023, 14:33

This article gives a brief overview of the Vermont Tax Sale.   Looks like you buy the lien for a year.  Previous owner has a year to pay off the debt plus 1% interest a month up to 12 months.   Then you get the deed if it is not paid off.

https://www.eagletimes.com/roc...

Looks like very few got sold.

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Will Sifert
  • Investor
  • Covington, LA
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Will Sifert
  • Investor
  • Covington, LA
Replied May 2 2023, 15:43
Quote from @Bruce Lynn:

This article gives a brief overview of the Vermont Tax Sale.   Looks like you buy the lien for a year.  Previous owner has a year to pay off the debt plus 1% interest a month up to 12 months.   Then you get the deed if it is not paid off.

https://www.eagletimes.com/roc...

Looks like very few got sold.

Sounds similar to SC.

@Bruce Lynn any chance you have any information about tax liens in Montana?  I can't find anyone with first hand experience there.

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Bruce Lynn#1 Real Estate Agent Contributor
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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied May 3 2023, 18:09

@Will Sifert

I only know about Texas and maybe 1% of what you guys post on about 10 other states.  Never even heard of anyone speak or post about Montana.

Found these two sources that seem to provide decent info....looks like tax lien state for 3 years, then potentially can apply for deed.

https://www.nolo.com/legal-enc...

https://www.yellowstonecountym...

https://leg.mt.gov/content/Com...

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Will Sifert
  • Investor
  • Covington, LA
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Will Sifert
  • Investor
  • Covington, LA
Replied May 3 2023, 19:25
Quote from @Bruce Lynn:

@Will Sifert

I only know about Texas and maybe 1% of what you guys post on about 10 other states.  Never even heard of anyone speak or post about Montana.

Found these two sources that seem to provide decent info....looks like tax lien state for 3 years, then potentially can apply for deed.

https://www.nolo.com/legal-enc...

https://www.yellowstonecountym...

https://leg.mt.gov/content/Com...


I've read the state statutes. The cool thing is every state has laws on how they hand tax sales. It was just a little confusing. From what I could gather, you are responsible for sending notice to the property owner BEFORE the tax sale.  So all the properties you want to bid on, you have to send certified mail before the tax sale to the owner. Many of which may redeem last minute so it's wasted time and money and then whos to say you even win any of the ones that do go to tax sale. From my understanding, if you haven't sent notice to the owner then you can not bid on that property. I believe they are all in person and I have yet to come across someone who has attended one of the tax sales there.