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Updated over 8 years ago on . Most recent reply

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Rodney Dixon
  • Tampa, FL
1
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65
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Foreclose on a tax lien

Rodney Dixon
  • Tampa, FL
Posted

I have a 2 quick ones here in which regards tax lien investing.

1). Are tax liens foreclosed on the same way that actual properties are foreclosed on?

2). What are the top 10 states with the shortest redemption period?

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Emmett R. McCarthy
  • Attorney
  • Chicago, IL
79
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142
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Emmett R. McCarthy
  • Attorney
  • Chicago, IL
Replied

The short answer to question 1 is "no," but the tax lien foreclosure process varies state-to-state. 

I don't know about other states, but in IL the redemption period varies from 6 months to 2.5 years depending on the type of property and numbers of tax years sold.

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