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Updated about 13 years ago on . Most recent reply

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Gwendolen McCloud
  • Real Estate Investor
  • Fairburn, GA
2
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21
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Tax Lien Investing Online - Buying Over-the-Counter Props

Gwendolen McCloud
  • Real Estate Investor
  • Fairburn, GA
Posted

Good afternoon!

Can anyone recommend reputable sites where I can purchase over-the-counter tax liens online? I'm a tax lien newbie who needs guidance in this area. Thank you in advance for any assistance you can offer me!! Have a great day!!

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Ned Carey
  • Investor
  • Baltimore, MD
13,319
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

I don't understand why people want to invest out of their own area. Your risk increases dramatically.

Although not online, Baltimore City offers over the counter liens. The list of leftover liens can be as many as 6,000 liens. However most of these liens are not worth owning. On many, the lien is significantly more than the value of the property. ex: $170,000 lien on a $1,000 empty lot.

If you were to buy Baltimore leftovers without knowing the local values or inspecting the property the odds are you would be throwing your money away. I am not saying you might loose money I am saying you probably will lose money.

I recommend you learn you local market and rules to start.

Good Luck - Ned

  • Ned Carey
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