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The allure of 'easy' money can create lots of bidders to ignore the risks waiting for them in these sales. For instance, you shouldn't bid on any kind of property that you haven't watched in person. You can make a much more accurate and affordable bid once you've actually seen the property. If you're bidding on the tax lien of a home, you need to know the state of the home first. Is it intact, or significantly damaged? Is the home still standing, or are are you just bidding on a piece of land? You can overbid and lose money in this manner.
Learn how not to lose money by following the link that I supplied above.
If you're ready to venture into this mysterious world, you can start utilizing off of property tax lien sales.
Tax liens are a way to coerce property owners to pay their property taxes. If a property owner begins to fall behind on their property tax payments, a tax collector will eventually put the unpaid bill up for auction.