: You buy the property itself at auction. You become the owner immediately (e.g., California, Texas, Virginia).
Buying tax lien property is a process of paying someone else's delinquent property taxes in exchange for a legal claim (lien) on their property. Your primary goal is usually to earn a high, state-mandated interest rate, though you may occasionally acquire the property itself through foreclosure if the debt remains unpaid. 1. Identify Your Strategy & State how do i buy tax lien property
: You buy a "Tax Lien Certificate." You are a creditor earning interest (e.g., Arizona, Florida, Illinois, New Jersey). : You buy the property itself at auction