Has anyone out there looked into tax certificate/tax sale deed redemptions as an investment. I have been reading some material about it. On the surface it sounds pretty good.
As I understand the system you buy a tax lien certificate or in some states a tax sale deed by paying off the delinquent taxes. The property owner has a period of time to redeem the property, usually only a matter of months
(6 months in Connecticut). If he redeems he has to pay you the back taxes plus an additional percentage (18% in Connecticut). If he does not redeem, you acquire title to the property. Seems to be very little risk involved for a
fairly decent return on the investment.
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