Updated almost 8 years ago on . Most recent reply
Government tax lien network
I just went to tax lien seminar and they said if I pay the $597 I get 3 day class plus free software. They claimed you could search and buy available certificates straight from the program. No auction or competition. Is that possible? How does that work? Since everywhere I read says auction, unless it didn't sell, the you can buy over the counter. Can someone explain. Thanks
Most Popular Reply
@Edward Conde I am not specifically familiar with that group but they are either giving you a list of over the counter liens that you could buy without them or they are selling liens they already own. If they are selling their own liens they must be selling them at a premium to make a profit or they are selling the crap they don't want.
Despite claims of those marketing classes and software for tax liens it is pretty risky if you don't know the specific law of where you are buying the liens. Many liens are on crap properties, There is a reason people don't bother to pay the taxes on them.
Many of the over the counter (leftover liens) are also junk, there is a reason no one else bid on them in the regular auction. Baltimore city just had their auction. There were about 5.000 liens leftover that no one bid on in the main auction. My partner and I screened those liens very carefully and came up with a list of only 21 that we thought were worth buying.