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re: Tax Title Sales?

Posted on 2/9/15 at 6:12 pm to
Posted by bayouman
Uptown NOLA
Member since Apr 2012
1561 posts
Posted on 2/9/15 at 6:12 pm to
If you bid less than 100%, and you get the property in the tax sale, you will never get clear title. By bidding 100%, you can go to CDC after 3 years and get a judge to sign a judgment of possession giving you clear title. If you don't own 100%, you don't have clear title.
Posted by bayouman
Uptown NOLA
Member since Apr 2012
1561 posts
Posted on 2/9/15 at 6:13 pm to
If you only want a ROI, bid 1%.
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