03-22-2018, 09:51 AM
Here are a few things I've noticed when watching the tax sale properties:
* As the listings are updated (maybe weekly?) a fair number are removed from the list each time (10-20%?) As kalakoa noted, it can happen even the day of the sale.
* Prices vary, but the sales prices seem to be in the range of about 2/3rds the price you would pay for a similar property sold through a realtor.
* You can't do anything with the property for a year, as the original owner is legally entitled to buy it back from you for a period of 12 months (see Kapoho Joe's post for details)
* I'm not sure if there is any way to determine if there are liens on the property in advance of the sale (anyone know?). Usually that's done at closing, not before. If there are liens, it could make the final cost of the property more than it's worth.
If you want to combine the dual pleasures of insanity and social acceptance, religion is your only choice. - Last Aphorisms
* As the listings are updated (maybe weekly?) a fair number are removed from the list each time (10-20%?) As kalakoa noted, it can happen even the day of the sale.
* Prices vary, but the sales prices seem to be in the range of about 2/3rds the price you would pay for a similar property sold through a realtor.
* You can't do anything with the property for a year, as the original owner is legally entitled to buy it back from you for a period of 12 months (see Kapoho Joe's post for details)
* I'm not sure if there is any way to determine if there are liens on the property in advance of the sale (anyone know?). Usually that's done at closing, not before. If there are liens, it could make the final cost of the property more than it's worth.
If you want to combine the dual pleasures of insanity and social acceptance, religion is your only choice. - Last Aphorisms
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves