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re: Tax Lien Auctions have a great return but are they morally ethical?
Posted on 2/28/14 at 1:04 pm to samson'sseed
Posted on 2/28/14 at 1:04 pm to samson'sseed
I believe in Caddo Parish, there's a 5% fee off the top plus 1% a month. I know someone that buys tax sales that will more than likely be redeemed, but where else can you find a 17% return guaranteed?
I'd love to learn more about it and try my hand one day.
I'd love to learn more about it and try my hand one day.
Posted on 2/28/14 at 1:31 pm to LSUGUMBO
quote:
I believe in Caddo Parish, there's a 5% fee off the top plus 1% a month. I know someone that buys tax sales that will more than likely be redeemed, but where else can you find a 17% return guaranteed?
It's the same in every parish. 5% on the top, 1% per month, after three years the property is yours.
If it isn't properly noticed, though, it's a due process violation and can be annulled for at least 10 years, maybe longer. I do some work in this area so I can tell you it's not as simple as you might think.
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