is it even worth bidding on tax sale properties? - GoFuckYourself.com

StickyGreen · 03-31-2006, 03:37 AM

they want a $5,000 deposit, but bids start at around $1,500. anyone have experience with this?

slapass · 03-31-2006, 06:41 AM

Make sure you know the local laws. Some states you get a lien and some states you get the property. Sort of an important distinction.

Napolean · 03-31-2006, 06:42 AM

you should get that $5,000 deposit back, I think

minusonebit · 03-31-2006, 07:57 AM

Quote:

Originally Posted by StickyGreen

they want a $5,000 deposit, but bids start at around $1,500. anyone have experience with this?

Your sig sucks.

Quote:

Originally Posted by slapass

Make sure you know the local laws. Some states you get a lien and some states you get the property. Sort of an important distinction.

In most states you get a lien against the property and the orginal owner has "X" days to pay it off with intrest to you. If they dont, you get the property. Either way, you make money.

03-31-2006, 03:37 AM	#1
StickyGreen . Industry Role: Join Date: Oct 2003 Posts: 13,076	is it even worth bidding on tax sale properties? they want a $5,000 deposit, but bids start at around $1,500. anyone have experience with this? __________________ Refer Cam Girls and Take Home 10% of Everything They Make For Life

03-31-2006, 06:42 AM	#3
Napolean Old school Industry Role: Join Date: Nov 2002 Location: Kettering, OH Posts: 4,327	you should get that $5,000 deposit back, I think __________________ Need a programmer? (Desktop/Web Applications) --- Skype: napoleande

03-31-2006, 06:41 AM	#2
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	Make sure you know the local laws. Some states you get a lien and some states you get the property. Sort of an important distinction.