Properties - How To Buy Tax Sale

You buy a "tax lien certificate." You don't own the house yet; you own the debt. You earn interest on that debt, and if the owner never pays you back, you can eventually foreclose to take the property. 2. The Step-by-Step Process

If you win, you must usually pay the full balance very quickly—often within 48 to 72 hours. 3. The "Redemption Period" Catch how to buy tax sale properties

Visit the property (though you often can't go inside) and check for other liens like mortgages or utility bills that might not be wiped out. You buy a "tax lien certificate