Tax Foreclosure Properties - What They Are, and How to Buy Them
There are several reasons why tax foreclosure properties are better investments than mortgage foreclosure properties, but the biggest is that they are almost always free of mortgages by the time they reach the sale (mortgage companies will bail out the back taxes long before that on properties they have an interest in). Houses without mortgages are often also houses without other liens, leaving the equity up for grabs if you’re lucky enough to buy one.
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