So you're looking for a smarter way to buy property, either to live there or to invest in it. Congratulations. If you are reading this article, it means that you have jumped from the "thinking" phase to the "realization" phase, and most people never go that far. There are many deals to be concluded, if you are ready to do a little research.
You've probably heard that tax foreclosure property is a great investment, and you haven't been misled; but now you are going to learn how to buy a house for tax arrears, very inexpensive, without facing the headaches of the competition. If you're looking for a cheap property to buy for yourself, stay tuned too – this technique will even work better if you are not an investor!
Right now, throw away everything you've heard or read about tax sales. If you are smart, you will quickly understand that you cannot compete with all the big companies that will claim against you during the sale. The sale of tax, whether for deeds or liens, is not a place for the savvy investor in the current market. There is a much better way to buy a house for tax arrears: from the unpaid owner himself.
Most people neglect this strategy, which is why you will find virtually no competition. If you've ever tried to buy directly from a mortgage foreclosure homeowner, you understand why this is so unattractive to failed investors. Often you cannot ask these owners to call you back for the duration of your life – and if you get a deal, then you have to settle the mortgage, the second mortgage, the arrears of bills, the arrears of # 39; taxes; but when you buy a house for tax arrears, it’s a different animal.
Because these houses almost never have a mortgage!
It is true. The mortgage company takes care of all tax issues to avoid losing their interest in the property. So, you will find that almost all of these homes are mortgage free, or that they would not be on sale for tax in the first place.
Another thing that may seem counterintuitive is that the owners will almost always return your calls, and when they do, they are eager to make a deal with you to sell you, and for cheap dirt, just to get the property. out of their name! Indeed, as you will see, many owners of these properties are not people who are lucky and lose their homes. These are people who have inherited property, or absent owners, who have had it with this economy, and who in fact let the property go on the sale of tax expressly, just for the sake of it. ; get rid of it.
This gold mine of homeowners can be difficult to find, which makes them great prospects, and you will be pleasantly surprised how many of these homeowners are willing to hand you their deed for a few hundred dollars, simply because They'd rather see him go to a nice little investor like you, than see him go to government. Are you looking to buy a property for yourself to live in? Even better. Expect to find even more enthusiastic owners to give them to you – for almost no money.