Question: If I go to the courthouse and buy a tax lien do I still have to participate in the auction and if I lose do I get my money back that I used for the tax lien?

Will Dunaway: What do you mean “lose”?
Curtis Remas: If I don’t get the house/properties that I mean by lose.
Will Dunaway: It’s an auction, so if you “lose” u don’t pay what you bid.
Curtis Remas: I get that but I’m talking about the money I buy the tax lien with.
Will Dunaway: You mean if the property owner redeems in the set amount of time, they have?
Curtis Remas: Yes but how does property owner get a chance at redemption if the property is up for grabs?
Curtis Remas: Sorry if I’m asking stupid questions
Will Dunaway: Each state is different some are deed states, u flat out get the deed if you win, there are redeemable deed states, where the owner is notified and they have a set amount of time (depending on state) to pay back plus interest, there there is redeemable…See more
Will Dunaway: Then you have FL, lol
Curtis Remas: Thank you
Hannelore Inman: Curtis Remas i understand your question I “purchased” a deed and now it is “going to auction” if no one bids I get it, if someone bids, we have a bid off and if i don’t win I lose my money (if i did not go in person to bid) so, yes it is possible to lose your money. Make sure you read and understand the auction rules
Bruno Gonçalves: Hannelore Inman i didn’t understand. Can tou explain more please
Hannelore Inman: Bruno every auction is different and has its own rules. There are different types of auctions. You need to figure out which kind you like
Dave Brister: Ok, Curtis Remas- no question is a stupid one lets get that out of the way first. Now depending on the state you are in will determine certain laws of the transaction that you are trying to make. Secondly get the understand what youre buying. I don’t r…See more
Cory Stephen: Curtis Remas – It s a little bit confusing. Have you checked out any information on Tax Lien & deeds? We’ve got a great book we can send you if you want. Just let me know