buy property, buy stockpiled foods, lots and lots of ammo for the entitlement zombies.
Talking about buying property... I was just talking to a guy who has been into real estate for a long while and he's been buying up properties at tax sales. He's getting ready to buy up about ten of them (he told me yesterday) at tax sales... amounting to about maybe 2,000 to 3,000 (or thereabouts) for a house/property, that may be valued at around $100,000. He says he gets the deed for it within 48 hours and there's no recourse for the owners ...
Someone is planning on making a lot of money, I would say ... :-)
HOA’s involved?
heh
“buy property”
The problem with that is that all you really get is a piece of paper. If the sh!t hits the fan, it’s still going to be up to you to try to hold it.
Face it. At some level there is no “safety”.
recourse varies by state- liberal states usually offer chance for owners to redeem the lien, at a profit to the lien buyer
this happened to me several years back when the county sold my condo out from under me for a $55 sewer bill that was never delivered (nor any of the follow-on notices) because the tenant threw everything addressed to me in the trash
someone bought my condo for $300 lien (cost plus penalties), I had to pay about $500 to get it back, profit went to the lien scavenger, better that than the deed to my property!
Only way I found out was my property tax payment was returned because of the unpaid lien recorded on it, lucky I had time in redemption window to respond
He might not be telling you the whole story. I don't know of any jurisdiction that doesn't have a redemption period usually 12-18 months. During that time the prior owner can pay back the amount paid plus the bid interest and gets the property back.