If so, is it worth going to one of these?
2006-06-18 11:14:46 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It may or may not be worth it depending on the circumstances. You can usually obtain a list several days prior to the auction to see what houses are on the list. The best houses will go for the least amount of interest because they have a better chance of returning on the money invested (meaning when the house sells, etc.) The scruffier the house looks the more risk you are taking when paying the tax certificate and therefor you will get a higher interest rate. Interest rates are determined by bid process starting at the top and bidding down. These can be a good investment if you play your cards right but most of the time you are locking up your money for long periods of time unknowing when you can release it. You will get your money back when the house is sold, the owner pays up, or after usually 2 years you can file for a tax deed auction and you will get your money back then. I think there are much better investments out there.
2006-06-18 14:33:20 · answer #1 · answered by reallifeanswers 2 · 6⤊ 0⤋
yes- first go to the court house about a week before the auction-and get a tax sale list -then you can review it and check out the location and the amount of taxes that are required and they usually sell about 10%up from the asking price .Have your payment plan all worked out before you goto the auction.
2006-06-18 18:41:51 · answer #2 · answered by needtoknow 1 · 0⤊ 0⤋
no, sorry
2006-06-18 18:17:41 · answer #3 · answered by Anry 7 · 0⤊ 0⤋