Marketing to delinqent homeowners

I was told a tax delinquent list is different from an auction list, but I am not finding that to really be the case. I have found on one state that said they would release a list for the year one would like and each year is $50 dollars. I heard AR is just $5.00 while some run hundreds of dollars for the list.

Thanks for bringing it up. Actually you have several questions in there. A few years ago I went to a free presentation by associates of Dean and one of the things I recall from the presentation on tax liens and tax deeds was to go to smaller counties, not to major counties. They referenced Colorado as a place that they invest in but not places like Denver or Colorado Springs. Too much competition.

I'm not sure if the delinquent tax list and the auction list would be separated until after the auction. I imagine that would depend on the county or even the state laws governing such sales. The other thing that I remember about this presentation was that after the auction some properties That didn't sell at auction were left on the books at the county office. That is when you can come along and get very high ROI by paying the back taxes. Can you negotiate with the homeowner? Possibly. Will they lose their property to the county? Again, possibly. By picking up these tax liens and tax deeds, that puts you in first position with a nice income later when the taxes get paid. I'm sure the property would be in as is condition if the home owner couldn't pay the property taxes. But it could possibly be a property that was somehow forgotten about after a family moved out after the downturn. Either way, you could make it a win-win for you and the county. I may have seen a video in which Greg Murphy had a homeowner that was behind on taxes.

I'm not sure how to address the fees issue, except to say that many municipalities are being forced to bring in money because their tax base has eroded when the economy tanked, which ties in with the tax lien and tax deed questions you are asking. I'm sure it is different for each of the approximately 3,000 counties in the United States.

I am in no way an expert on this subject and look forward to seeing a nice thread on this from some DGers that are. Thanks for asking the questions.

Patrick

if we as investors buy then they get something. The county gets paid and if we are wholesaling we can pass along a great deal. One would have to pay the back taxes, and end buyer could do this as well. You would also have to check on liens etc, but the title company would also do this. You may come across many junk houses, however there are ways to filter out the junk and people leave houses or don't pay for a variety of reasons, so sometimes there are profits to be made in buying a home that is delinquent on taxes.

I was reading the different posts and came across the mention of Colorado. If you want to find good tax liens try Wisconsin. The cost of living is cheaper so the tax and actions have alot of potential.