How do I buy a home from a tax deed sale?

Question

I want to buy a home, as my primary residence not for profit, and I want to know if it is possible through a tax deed.

Answer 1

a very miniscule portion of tax deed purchasers end up acquiring the home. so you would need to buy up loads and loads of tax deeds. the infomercials you see on this subject are total garbage, btw. unfortunately, houses are not free.

Answer 2

Chances of gaining ownership of a property through a tax deed sale are slim to none. The owner of the property always has the right to 'redeem' after you purchase the tax deed, and this occurs in nearly all situations, except those where the property is so worthless that the owner doesn't care.

The few which DO end up in the hands of those who buy tax deeds usually turn out to be nightmares. Some folks have unwittingly acquired properties which qualify for SuperFund clean up or heavy asbestos removal.

Answer 3

You can but you need to do some proper due diligence and make sure you know what you are buying. There are books out there available that have been helpful when I first started doing tax deed investing for profits. I recommend picking up the book below. Having a cheap $19 book that guides you will go far in helping you.