Where do I get free listings of government tax foreclosures in my region?
my Husband and I are looking into buying a home preferably a tax foreclosure, and I would like some insight on any websites you may have out there that are legit.
Public Comments
- My county doesn't list them anywhere. Once a year, they have a foreclosure sale. You have to sign up for it and jump through some hoops, but it's the only way to get their tax foreclosures. Check your county website to see if they have something similar. http://www.ustreas.gov/auctions/ is the federal site. It should be able to lead you to something that works for you.
- There aren't any shortcuts here. Since John Beck and all those other hacks came on the scene, a bunch of people are wanting to try their hand at buying tax foreclosure homes. Truth is, there are darn few of them that come on the auction block. Your best bet is to pay a visit to your county tax assessor and find out the best way to access this information.
- Here's a website with the federal government. http://www.usa.gov/shopping/shopping.shtml You'll also want to search at your state government site, county site, and town site too. All of them may have properties to auction for taxes and/or seized by drug enforcement. Also check your local newspaper advertising sections for Public Notices, any bank property foreclosures up for auction will be listed there. The bad thing about foreclosed property is that you do not have the right to inspect the property, so you may get permission to look it over & inspect it from the current owner and/or the bank or you may not. Here in Virginia any foreclosure must be advertised in the local paper for 10 days as a Public Notice, it's the law.
- if you will email me, I will "hand carry you" to where your data is, and I charge zero for this help. the starting place, per state, is at the county and the starting place at the county is at the treasurer's office and within that, [or separately] the accessor's office. But it is the treasurer who is owed the money by the property owner. all states choose to either have annual sales at the county level or they contract it out to companies that bid to handle the auctions or if small enough, the county will assign the sale to a local attorney. In a few other states, [12 to be exact] instead of an annual RE tax sale, like in AZ, there are tax CERTIFICATE sales. NO ONE is permitted to LOCK in any deals in advance. IN some states, one must pay a refundable deposit to get a bidding number......in some states, no deposit is required. IN those few states where some prop does not sell, it is assigned to the state and they get rid of it through different auctions. I have found that if one is very careful in doing their due diligence, one can make a killing in the tax cert states......[you must wait 3 yrs to get the prop, but you at least earn 12-18% in the mean time] [and the seller has till auction time/tax cert 3 yrs time, to pay off the tax debt and interest the cert buyer earned. I will counsel anyone for free.
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