Friday 24 February 2012

Property Acquisition Investment for tax lien: what to look for

When looking for a property which has a lien you want one that is likely to be allowed to go for foreclosure. So look for the following:
Properties that have been abandoned by the owner or its owned by someone who is living out of the country. 
Properties that has several years of unpaid taxes (more than 5) and the ownership is free and clear of other liens. 
Properties where the owner has passed away, has file for  bankruptcy  or the owner is a minor or active member of the military  are more difficult to foreclose.
This information its not hard to find and  could avoid you a lot of headaches. The owner of a property its public information and you can find it by searching in the country assessor's office. You could also go to the county recorder and find out if the owner has file for bankruptcy

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