All Forum Posts by: Jason Taliaferro

Like others have mentioned here rates are still historically low. Deals are about the numbers makingsense so I would still look, run numbers, and see if the deals makes sense. Interest rates are only one aspect of a deal and frankly one aspect you have some control over. For instance I rather buy at a high interest rate than an over inflated price. Why, I can refinance I can't change the pricipal. I am curious to see what rising rates will do to property prices. This coulb be a good thing for investors.

Aaron for Baltimore the website is http://cels.baltimorehousing.org/Search_On_Map.aspx

be sure to look at violations and citations. Hope this helps.

I have heard if a property is vacant and in need of substantial repairs the city will allow you to foreclose on it in 60 days after they issue a certificate of vacancy and substantial repairs. Does anyone know how you would go about getting a cert? Does this apply to vacant lots?

Thanks all

Were you able to find it?

Just to add to the discussion. I spoke with an attorney today who owns a title company and said they could not provide title insurance for tax lien properties because it is not an "arms length" transaction. This maybe unique to Maryland. However he did state that for future transactions such as a refi loan title insurance could be given.

Yes. Would you recommend him?

So the ability to obtain title insurance is a big factor.

So I guess I have another question for everyone. How hard is it to obtain title insurance for a a tax lien property once you have foreclosed on it? Part of the process of foreclosing is to inform all parties of interest correct? I appreciate any feed back from the bigger pockets community.

Ned Carey, thanks as always. I plan on using using an attorney in Baltimore that also owns a title company. I will talk to them more about it. They seem well versed in tax lien foreclosures so if their fees are OK they I will move forward.

So the ability to obtain title insurance is a big factor.

So I guess I have another question for everyone. How hard is it to obtain title insurance for a a tax lien property once you have foreclosed on it? Part of the process of foreclosing is to inform all parties of interest correct? I appreciate any feed back from the bigger pockets community.

Hello everyone;

I am wondering if anyone has used a hard money loan to rehab a property they gained in a tax lien sale. Many tax lien properties need a lot of work. In the Baltimore area, where I am looking, most are empty shells. I know many hard money lenders will lend to rehab a REO or other deals people find. But what about when the investor already holds the deed to the property.

Has anyone experienced this or found they needed funds to rehab a property they have foreclosed after a tax sale.