A Animal That Almost Went Exticed But Is Great Now How to Buy a House For Back Taxes, Dirt Cheap, Without Competition

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How to Buy a House For Back Taxes, Dirt Cheap, Without Competition

So you’re looking for a smarter way to buy a property, whether it’s for living or investing. Congratulations. If you’re reading this article, you’ve moved out of the “thinking” phase and into the “doing” phase, and most people never get that far. There are plenty of deals to be had if you’re willing to do a little research.

You’ve probably heard that tax foreclosure property is a great investment, and you’re not wrong; But now, you’ll learn how to buy a home for back taxes, dirt cheap, without dealing with the headache of competition. If you’re looking for a cheap property to buy for yourself to live in, stay tuned too – this technique will also work better unless you are an investor!

For now, discard everything you’ve heard or read about tax sales. If you’re smart, you’ll quickly realize that you can’t compete with all the big companies that will be looking to bid against you in the sale. Selling taxes, whether for deeds or liens, is not a place for the savvy investor in today’s market. There is a much better way for you to buy a house for back taxes: from the delinquent owner himself.

Most people overlook this strategy, which is why you will find almost no competition. If you’ve ever tried buying directly from an owner in a mortgage foreclosure, then you understand why it’s not very attractive to failed mortgage foreclosure investors. Often you can’t get these landlords to return your call for the life of you — and if you do get a deal, then you have to deal with the mortgage, the second mortgage, the back bills, the back taxes; but when you buy a house for back taxes, it’s a different animal.

Why?

Because these houses almost never have a mortgage!

This is fair. The mortgage company takes care of any tax issues to avoid losing their interest in the property. So you’ll find that almost all of these homes are mortgage free, or they wouldn’t be for sale with taxes in the first place.

Another thing that may seem counter-intuitive is that owners will almost always return your calls, and when they do, they’re eager to make a deal with you to sell, and for dirt cheap. , just to get the property. out of their name! This is because, as you will see, many of the owners of these properties are not down on their luck and are losing their homes. They are people who have inherited property, or absentee owners, who have had it with this economy, and actually let the property go to tax sale on purpose, just to get rid of it.

This gold mine of landlords can be hard to find, making them great prospects, and you’ll be pleasantly surprised to find out how many of these landlords are willing to hand over their deed to you for a few hundred dollars. just because they’d rather see it go to a good, small-time investor like you than see it go to the government. If you are looking to buy a property to live in? Even better. Expect to find owners even more excited to give it to you – for almost no money.

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