Buying Tax Lien Certificates at Auction

Buying Tax Lien Certificates at Auction

A well-attended auction can create an intensity of competition, a fear of loss that normally leads to the investor taking a smaller return on their investment. At a "Bid Down" auction where the winner is the investor who will take the lowest percentage rate of interest this can be a real problem. Auctions can last anywhere from two to five days, so be patient The better deals are normally found in the last two days of the sale.

Most Counties have a registration procedure which they charge a fee and there is also a fee for the listings in most cases. It is always a good idea to do your research on the Tax Lien Certificates you wish to bid on before attending the auction: See "How To Choose The Right Tax Lien Certificates." You will also need to make sure you understand the "Bidding System" used by the county where you attend the auction. There are four main systems used: See "Bid Down", "Premium Bids", Property Interest" and "Straight Bids" all listed under "Glossary".

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