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All Forum Posts by: Raquel Baranow

Raquel Baranow has started 11 posts and replied 105 times.

Post: Do you invest in Tax Liens?

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19

Brandon Turner

Originally posted by Brandon Turner:
Hey - I'm looking for some assistance for an upcoming BiggerPockets Blog post about Tax Lien Investing, and I'm just wondering who is actively doing this kind of investing? I might just need to email some questions, ideas, etc. Thanks!

I'm an expert on Tax liens in Arizona, Pima & Pinal Counties.

Post: Low budget, is tax liens the best way to go?

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19
Originally posted by Adrian G.:
Originally posted by Raquel Baranow:
i know everything about tax liens in arizona. i started out with $4000 and ended up with 120-vacant lots that I can't sell. I have sold many lots and made good profit but the current economy hit me hard. Used to be I could sell one-acre lots I got for $1000 from tax liens for $23k but not anymore . . . some people can;t even get $5000. My mistake was holding the lots as investment.

Raquel,
Do you have any of those lots left? Just curious.

@Adrian G. Yeah, I have tons of lots left I can't sell:
http://666ismoney.com/Land.html

Funny that "probate" is so high on the list, I suppose that's a good place to find "wholesale" deals? ("Arizona" here.)

Post: Quiet title

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19

there's really no plus or minus, it's either got to be done or not. i've done a few simple ones myself after title company notified me of clouds on the title. hardest part is finding the missing persons. several times all it took was a call to a trustee and they released it.

Post: Finding Owners: Am I doing it right?

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19

my technique is to look for a bad roof, go to the assessor's website and find the owner

Post: When Owners Default on Tax Liens

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19

The way is works in AZ Jonathan: if there are more than one lienholder on a property, the ones older than 5-years can foreclose (three years after the lien is sold, the lien is two years old when sold). If the subsequent lienholder is aware that you are about to get the property, he may pay off your lien and wait until he can foreclose.

When you foreclose, if you notify the mortgageholder (or anyone with an interest in the property) and they do not redeem the lien (pay the tax), you get Treasurer's deed free & clear.

What I don't get is someone I know in AZ doesn't foreclose the mortgage so I assume he wants to assume the mortgage.

Could also be the property is in bankruptcy.

Clover mites at my house vanished after a few days, they liked wine. That's a sewing needle.

http://www.flickr.com/photos/666_is_money/3119313997/

not hold onto a huge inventory of vacant land

Post: What things have you found in foreclosed/abandoned houses?

Raquel BaranowPosted
  • Tucson, AZ
  • Posts 115
  • Votes 19

tenant once left a ford van, I got an abandoned title, did a tune up and sold it for $1000.