Not all counties issue tax lien certificates. The first step you must take is search for websites of county courts that issue tax lien certificates online. There are certain websites that offer web directories for such purposes. Since there are more than 3000 counties in the United states, it is a tough job to scan all the tax liens for sale at any point of time. List out the properties for which tax lien certificates are being issued. Scrutinize all the details of the tax lien certificates you are interested in.
If the county court is selling the certificates in an online auction, then you must check out all the details regarding the same. You will have to register as a bidder for the auction and pay some percentage of the tax lien certificate price. It will be required that you supply all the necessary personal details for the purpose of registration. Know the date and time of online auction and make sure that you log on to the website on time. Know the payment methods for money transfer. Understand the auction rules put forward by the county and see to it that you follow them while bidding for it. Just because you are purchasing tax liens online doesn't mean that you can go slack on research.
Scrutinize the taxes imposed on the property and know the exact interest rate that is offered. Calculate the profit margin that you will get through interest rate imposed on the loan. Judge whether the investment will be worth the time, effort and money put into it.
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