[carolinalivin]

Did he say what the "risks" were. The only concerns I see are how long the county will run the bill until the property is up for sale. The sale is usually below market. You may be able to afford a property manager and still make money on rent or use a realtor and sell.

It's my understanding that most of these result in the interest being paid by the owner, rather than the lien holder getting the property.

[rudy45]

I'm sorry, I guess I'm still confused.

Say a property has a $1000 tax bill, and the owner doesn't pay, and the municipality puts a lien on the property.

If I understand correctly, I can buy the lien. Is that the same as paying off the back taxes? Are the amounts the same? Or is my price for the lien only a percentage of the tax bill?

[Gay State Conservative]

Did he say what the "risks" were.

He didn't go into much detail but he told one of the callers at one point that it was very risky and that she shouldn't invest any money in it that she wouldn't be willing to take to Las Vegas with her.

Given that this guy practices law in Massachusetts it seems possible that his advice only applies under Massachusetts law.I suppose that it's possible for this to be a bad idea in Mass but,possibly,a good idea in other states....depending on *their* laws.