For many people, real estate holdings are a great way to increase their portfolio as well as their net worth. While most people own their homes and cars and maybe a business property, tax foreclosure sales can be a good way to break into owning other properties as well. If you have been looking at tax foreclosure sales, you know that you can’t just jump right in with both feet. Getting to know the situation and the process is beneficial for anyone who wants to consider adding tax foreclosure sales to their portfolio, and we here at The Kania Law Firm want to ensure that your tax foreclosure sales are done right from the beginning with these few tips.
- Gain as much information as possible. When you are working with tax foreclosure sales, you have little time to make a decision. You won’t have the chance to go look through an open house or compare a property to similar ones down the street. You are given only the minimum amount of information, namely the address and a few financial pieces of information. It is up to you to know the area, school districts, potential value and other pieces of information before you decide to make a bid. The County GIS site and Register of Deeds are both helpful resources for doing property research.
- Where do I get started? Tax foreclosure sales is a business in itself, so don’t worry if you need some extra help or explanations. That is part of the reason why we here at The Kania Law Firm are able to help with tax foreclosure sales! We have been through this process time and time again and are happy to answer your questions and provide assistance.
To learn more about making tax foreclosure sales a part of your financial portfolio, please contact us at The Kania Law Firm today.