Re: john beck
Posted by Bill H on September 01, 2008 at 18:42:42:
In Reply to: john beck
Posted by rodney on August 28, 2008 at 14:12:42: John's book will give you details and ideas to work from. As NJD says...'Only you can insure your success.'
I personally have been in the tax lien business for some time now and it is getting more and more competetive...lots of BIG financial institution are entering the market. They have the ability to bid it to a point that it is not worth competeting with them.
You have about as good a chance of hitting the powerball lottery as you do of getting a house for a few $$$.
Then; if you do you have about a 60 percent chance of keeping it. The most common defense in a quiet title action is "But, your honor I was not properly notified" then the fun begins.
The courts are notorious in their leaning toward the delinquent taxpayer and not wanting to take their house for pennies on the dollar.
If you chose this business...do it for the interest and penalties.....NOT...trying to get a house for pennies on the dollar.
Good Luck,
Bill H
Follow Ups:
- Re: john beck - Jim V 21:30:47 09/01/08
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- Updates for Bill H - Bill H 08:37:57 09/02/08
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