Wednesday, January 21, 2009

New York Times article on tax liens

Here's an interesting tax lien article on the New York Times. It was published in 1999. The title of the article is YOUR HOME; Tax Liens Can Enrich Investors.

A quick excerpt...

Published: August 15, 1999

ANYONE who has seriously contemplated making money in real estate has probably encountered the arcane but potentially profitable practice of investing in tax liens at public sales -- the legal process through which municipalities obtain payment of delinquent property taxes.

Real estate experts say it is possible to make a secure investment with a high rate of return in property tax liens, even for unsophisticated investors. And savvier, more careful and more knowledgeable investors can even obtain title to real estate for a small fraction of its market value by buying property at a tax foreclosure sale, the experts say.


1 comment:

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