Hello Fellow Investors!

Just thought I would take this opportunity to share with you some additional basics that I have learned within my short venture into investing with Tax Liens.

My state (Alabama) currently has a 3 year redemption timeframe and pays approximately 12% per year.

Ok, I assume you know the foundation on how to find listings and researching the properties etc.

My discussion will begin with what happens after you purchase your Tax Liens.

Firstly, be aware that most Tax Liens will be redeemed approximately 90% are repaid within the first year.

Secondly, after the sale the previous owners are usually notified that their property has been sold and outline their rights of redeeming the Lien without additional consideration (aka cost paid to you the purchaser) if made normally within 10 days of notice.

Thirdly, the annual percentage rate will only begin after you have held the Lien after 30 days; therefore you will receive only the original cost you paid on the Tax Lien; no more, no less.

Lastly, you are not the homeowner just a Lien Holder therefore no keys, no access to the property, no look through so etc.  It is important to remember this prior to considering investing in these instruments.

I will be periodically, provide you with updates in my personal journey into this arena and all information is specific to my locale and view-point.  As always, please remember to research and seek profession counsel..the money you save and grief you save is truly your own.