All Forum Posts by: Berdens Julceus

If you purchased the property through a tax deed then you wouldn't be liable for the HOA lien. Theoretical, that's how it's supposed to work. However, some HOAs will give you a big hassle and headache over it. To make them happy, you can offer to pay some amount but you're not liable for it if it's a tax deed. The only thing that doesn't fall off in a tax deed sale are government liens.

I also find myself thinking about this question. I'm currently searching for my first property. I'm leaning more towards single family houses. Mainly because I'll have more exit options with a sgf and the appreciation (specially in this market) is a better value.

Thanks for all your responses, this is great information. The properties I'm looking at are in the Palm Beach and Broward county in south florida. I'm work on building a relationship with a local banker. I'm going to look into one of the credit unions. I have a feeling they might be more flexible than most.

Hey guys, I'm relatively new to BP and new real estate investor, are you guys familiar with mortgage companies that are willing to finance properties under $30,000? I haven't been able to find a company that does.

I've been doing a little research on this as well. Basically there's two phases regarding tax deeds.

Phase 1: A property owner fails to pay the property tax to there county. To recoup the unpaid taxes, the county issues a tax certificate. Similar to a bond, the certificate entitles the owner to the face value of the certificate plus interest. In Palm Beach county Florida, where I reside, tax certificate sales are held once a year.

Phase 2: After two years, the owner of the tax certificate is able to apply for a tax deed sale. A tax deed will for the property will be auction off to the highest bidder to cover the tax certificate.

All the information regarding tax deeds are generally located on county website. The tax certificate and tax deed sales are held by the county where the property tax is due.

This is the information I've learned so far. Tax deeds can be very profitable. However, it is imperative that you do your research before participating in a tax deed sale. There's risk that the property may have a lien or outstanding judgments or foreclosures.

So in short the answer to your question is to Google your county's tax deed sales department.