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Can You Really Own a House By Purchasing a Tax Lien?

 
Anonymous Coward
User ID: 13490739
United States
11/23/2012 11:38 PM
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Can You Really Own a House By Purchasing a Tax Lien?
I have read stuff on the internet about this and some say it is a good alternative to getting into a mortgage, however they say that less than 1% of tax liens ever make it through the "redemption" period( which is when the tax lien holder can apply for the treasurers deed to the property). Do you guys think it is a scam and a waste of time and money or a worthwhile investment?
Anonymous Coward
User ID: 27643028
United States
11/23/2012 11:44 PM
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Re: Can You Really Own a House By Purchasing a Tax Lien?
I have read stuff on the internet about this and some say it is a good alternative to getting into a mortgage, however they say that less than 1% of tax liens ever make it through the "redemption" period( which is when the tax lien holder can apply for the treasurers deed to the property). Do you guys think it is a scam and a waste of time and money or a worthwhile investment?
 Quoting: Anonymous Coward 13490739


No, by purchasing a tax lien property you are encouraging the state to steal property via property tax. We have enough scumbags in the world just waiting to fist fuck his fellow man, please don't be another scumbag.

Pleaserockon
anonimalle

User ID: 24676230
United States
11/24/2012 02:15 PM
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Re: Can You Really Own a House By Purchasing a Tax Lien?
I have read stuff on the internet about this and some say it is a good alternative to getting into a mortgage, however they say that less than 1% of tax liens ever make it through the "redemption" period( which is when the tax lien holder can apply for the treasurers deed to the property). Do you guys think it is a scam and a waste of time and money or a worthwhile investment?
 Quoting: Anonymous Coward 13490739

yes, you may eventually after a few years of paying the taxes. It may be hard to resell due to any title company willing to issue title insurance.
Behind every myth lies a mystery, and every legend holds an echo of the truth …… anonimalle

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No More Lies

User ID: 1178326
United States
09/11/2013 05:45 PM

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Re: Can You Really Own a House By Purchasing a Tax Lien?
I have read stuff on the internet about this and some say it is a good alternative to getting into a mortgage, however they say that less than 1% of tax liens ever make it through the "redemption" period( which is when the tax lien holder can apply for the treasurers deed to the property). Do you guys think it is a scam and a waste of time and money or a worthwhile investment?
 Quoting: Anonymous Coward 13490739


No, by purchasing a tax lien property you are encouraging the state to steal property via property tax. We have enough scumbags in the world just waiting to fist fuck his fellow man, please don't be another scumbag.

Pleaserockon
 Quoting: Anonymous Coward 27643028


agreed
Thanks to whomever upgraded my account!
:nml:
Anonymous Coward
User ID: 20216555
United States
09/11/2013 06:00 PM
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Re: Can You Really Own a House By Purchasing a Tax Lien?
depends on the state, many all you are buying is the debt with no recourse to collect it.

Others you actually take possession of property.

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