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Purchasing tax liens

Taxes and regulation

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wildambitions

wildambitions

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Has anyone participated in aquiring properties through the purchase of tax liens? I attended a seminar awhile back that touched on this subject (for details I would have had to purchase their $6000-9000 system). I believe the general "jist" was to purchase the tax lien, then wait to see if the delinquint payment was paid. If it was paid it was paid to you (plus interest), then, if it was not paid, the lien holder would have first rights to the purchase of the property for the cost of the loan.
 
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