Record property tax-lien sale anticipated

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Record property tax-lien sale anticipated

$47.5 million in delinquent bills set for investors

by J. Craig Anderson - Jan. 22, 2009 12:00 AM
Arizona Business Gazette

Maricopa County is gearing up for its largest sale of delinquent property tax liens on record, an estimated $47.5 million worth of unpaid taxes available for purchase by investors.

Bidding on property tax liens occupies a relatively obscure niche in the arena of real estate investment, but experts say investors who know what they're doing can achieve a fairly reliable rate of return with interest as high as 16 percent.

"It's a pretty small universe of people that actually get into it," said Mark Manoil, a Phoenix lawyer who specializes in property tax issues and has written a book about tax lien investing.

Note: The information presented in this website is not intended as legal advice, nor does this communication establish an attorney-client relationship. Unless otherwise noted, the opinions expressed are those solely of Mark Manoil, who specifically disclaims any liability for any reader's detrimental reliance on the information and views presented herein. If you need professional advice, please contact a competent professional.