If You Think Foreclosures Are A Good Deal…

My husband and I have often joked that purchasing tax certificates is a kind of “poor man’s foreclosure”. Here’s why: (1) the stakes are a lot lower– meaning–the entry point is much cheaper, and (2) the road to “clear title” can be longer and bumpier.  But hey, if the property gets redeemed 12% annualized interest is nothing to laugh about. Lesson learned – be patient, go for the long haul, and get plenty of hooks (certificates) in the water and sometimes you do end up with a fish (tax deed).