2019 Change in Yavapai AZ county tax lien rules
I was looking through the Yavapai county Treasurer's website for the tax lien list for 2019 auction. The list is not published yet, but I did see this statement;
"A parcel can now have multiple lien holders. We are in the process of updating our Investor Information."
This is a huge change from the past where a parcel in Yavapai county could only have one tax lien holder of all past tax liens. It makes a big difference in how an investor will work.
I personally have bought some liens with the strategy of holding it only for a year and letting a new lien investor buy me out the next year. It also means that if there is a lien holder for a year before your lien, they can foreclose before you get a chance - there is a three year redemption period for the owner to pay off your lien before you can foreclose. If an investor holds an older lien than yours, they may be able to foreclose first.
Maricopa county in AZ (Phoenix area) was the only county in Arizona that allowed multiple owners of liens on the same parcel. I know this is common in many other states as well.
More details when they county updates the website with the specific rules for multiple holders of a lien on the same parcel.