AZ Tax Liens

[Rachel Frazier]

Hello,

I am interested in investing in tax liens in Maricopa County (and possibly Pinal County). I have researched the process but looking for someone to assist me by answering a few questions I have, or mentoring me for my initial tax lien purchases. 

BP offers a wealth of information on its site. Therefore, I am hopeful BP members familiar with this type of investment and these areas can assist. Thank you.

Rachel 

[Michel Steele]

@Rachel,

I have invested in Tax Deeds in Florida. Tax Liens are different because you are paying the back taxes owed, then waiting the state required time to apply for a Tax deed sale where the property is actually auctioned off. I purchased three land parcels on a Tax Deed auction. The opening bids averaged @800.00, but quickly rises to 2k. I ended up getting two$2300, and one for $3200. Now here is were the problem arises. If you buy a property through a Tax Lien or Tax Deed sales you will need(or buyer) title insurance in order for the mortgage company to work with them.  Two ways: Quiet Title which takes months and very expensive or use a service like Tax Title Services which takes less time. Now I'm kinda stuck with properties that if i add the $1950 charge to get the Title Insurance I won't be competitive in the market.