I think I have read enough to know the basics.
My questions is, what happens if your certificate is ignored by the original owners? I know you can foreclose but isn't that very expensive?
Because I know the pre-foreclosure investors are basically making their money from the fact that Mortgage companies don't want to foreclose due to the cost.
You need to specify the state as different statutes and procedure apply
CA here, sorry,
To the best of my knowledge CA doesn't do tax lien sales, rather it holds tax deed sales.
You'll have to go out of state to purchase liens.
you might want to do a post mortem as Santa Clara just had there sale.
went from like 40 properties to 5 and I haven't f/u on what those results were.
There is a fair amount of risk like:
unbuildable lots
hard / can't get clear title.
sr debt (IRS lien) which is bad as they pay you some interest if the buy back the lot.