So how do we participate on an online Tax Lien auction if we are not living in the US?
Thank God for the creation of the internet when it comes to matters as such. Not only can we do our research online, we can participate at the tax lien auction online.
Currently, not all the states have their tax liens online and these are the states that does it:
Arizona - 16% (bid down, 3 years redemption)
Colorado - 9% (3 years redemption)
Florida - 18% (bid down, 2 years redemption)
Indiana – 10-15% (To note – high admin charges)
Maryland - 1% per month (6 months redemption)
Louisiana - 12%
Nebraska – 14% (bid down, 3 years redemption)
New Jersey – 18% (bid down, min $10,000 to bid)
You can do a google search for the online tax lien auction for each of these states.
In the next post, i will share more on some of these websites and what is required to start bidding and how to get each of these items,