How to Win Tax Liens at the Auctions?
When the auction hammer drops, the winning bidder becomes the lien holder. This position comes with specific legal rights and responsibilities. The good news? The interest earned on the unpaid taxes is yours as the investor. In essence, those unpaid taxes are now owed to you. The property owner is legally required to repay the taxes along with any accrued interest. Winning the lien is just the beginning. To protect your investment, communication with the property owner is crucial.
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