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Probing the "Secondary Market" |
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December 2, 2002
Don't wait till February to buy good tax liens
Whether you
are exploring tax liens as a potential new investment, you have been buying for years, or you are a portfolio manager for an
institutional investor, you probably focus most of your tax lien buying efforts on the annual auctions in February. The
standard drill is to obtain the list of delinquent parcels that is published in January, and start researching the properties
to decide what to bid on when the auction comes. Buying Aover the counter@ after auction is the
other alternative, but the selection is usually limited, and not as attractive. In this article, I describe pros and cons of
different buying approaches, including suggestions for buyers and sellers in a secondary market for tax liens.
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Comparing tax lien buying strategies |
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November 5,
2002
Importance of Subtaxing & Prompt
Foreclosures
Through recent discussions with our clients we have identified different investment
strategies about the best ways to buy tax liens. I have long advocated that a buyer seek liens on parcels that do not have
separately-certificated earlier-year liens, that the lien buyer conscientiously pay subsequent delinquent taxes ("subtaxes")
on the property, adding them to the tax certificate, and that the investor initiate foreclosure as soon as the lien ripens
for foreclosure. After discussing competing approaches, I give my reasons for my position, as a lawyer who processes the
foreclosures.
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Tax Lien Sale Articles from Around Arizona |
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