You can buy homes on tax sales.. get a million dollar home for 4 grand
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Date: June 20th, 2018 6:47 PM Author: Lemon Boyish Space
AND if the owner tries to redeem the property you bought for $4000, they have to pay you the $4000 plus whatever statutory interest your state allows (10%-25%). But they have like a year or two to redeem it (depends on state), after that its yours.
Can anyone explain how other liens and mortgages are affected by a tax sale? Are they all cut off and you are the free and clear owner?
(http://www.autoadmit.com/thread.php?thread_id=4006762&forum_id=2#36280804) |
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