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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Pogeu Mahone who wrote (138365)8/1/2008 10:58:43 AM
From: Johnny_Blaze_420Read Replies (3) of 306849
 
well i don't know how the law works in MA, but in CA, i pay his taxes and place a lien. instead of the state getting the high interest rate and penalty, i'm entitled to it when the house is paid off or sold.

after 5 years, i have a right to foreclose myself at what could be a very small investment, or i get the 14-17%. does it matter if the house dropped in value at that yield or discount?

Just have to be able to float the tax money for up to 5 years, but i think thats a much easier yield than buying up foreclosure at auction.
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