Contact Tax Lien Residents?
I have some tax liens which will reach the end of their redemption periods in September and I will apply for the deeds at that time and likely take title in November. I have been through the process before, but not with occupied properties and I am wondering about contacting the residents ahead of time to talk with them about my plans for the properties.
Most of the properties I have liens on are non-owner occupied and I am actually hoping to keep the current tenants in place once I get title and just start collecting the rent. My worry is that they will see the notices the county is sending them about the tax lien and deed and may move out before I am the owner. If they move, I would have vacancy expenses and may need to make improvements which would not otherwise be needed so I can attract new tenants.
What would you do in this situation?