How Do You Buy Property Tax Liens?

Local governments rely on property taxes to pay for expenses. If a property owner fails to pay their property tax, there are still expenses to pay. One way governments compensate for delinquent payments is to sell property tax liens.

Investors pay the delinquent property tax, and then the government has money to pay expenses. When the property owner finally pays their taxes, they pay the investor back, plus interest. If the property owner fails to pay the taxes back within a specific timeframe, the investor can foreclose on the property and gain clear title.

Shop locally. When you first begin investing in real estate tax liens, stay close to home, so you can check out the property before investing. If you are relatively new to investing in real estate tax liens, purchasing liens from across the country may not be prudent.

Discover if the state you are shopping is a lien state or a deed state. The process is different for each type. In a deed state, delinquent taxes are paid by ... more.

Arizona is a tax lien state. What that means is if property owners do not pay their property tax an investor can pay the tax, and then receive up to 16% interest on their investment. If the property owner fails to repay the investor, the investor can take steps to foreclose on the property.

It is possible for the investor to end up owning the real estate, without having to pay off any existing mortgage or liens. Visit the county website. Property tax liens are handled through the various counties.

Information on upcoming property lien sales and the procedures to purchase liens are typically listed on the county website. Links to all the Arizona counties are included in resources. Look for the county's information on tax liens.

Sometimes there will be a link on the first page, announcing upcoming tax lien sales. The information might be found in the pages that address the assessor or property tax information. Do your homework.

Read our article on tax lien sales for some cautionary ... more.

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