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Strategies & Market Trends : Value Investing

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To: Sergio H who wrote (46901)	3/6/2012 3:11:50 PM
From: E_K_S	1 Recommendation of 78740

Hi Sergio Re: Tax Lien Sales When I was buying foreclosure properties in the 1990/1991 period, we had to be aware of IRS Tax liens. These were not discharged in the sales so we had to figure their cost to our overall purchase price if any of our properties had such a lien. There was not enough time to check the property title because of the number and frequency of the sales. We had one $40K IRS tax lien that we were able to get discharged but it took a lot of time and effort. I do not think any type of City/County and/or Federal system is in place to buy/sell these liens. I do know that many of the Cities are hurting for cash and past due property taxes would be something they might negotiate in order to to get hard cash. I am not sure it's an area worth exploring for an investment opportunity other than perhaps buying foreclosure properties directly from City sales based on delinquent property taxes due. Still too much work for me. EKS

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