Steps to be followed to buy tax lien certificate online

Whether you invest in tax lien through online or in person, you should follow some steps to become a successful tax lien investor. The procedure for investing in tax lien is different in online tax sale.

Some of the steps to be followed to buy good tax lien in online are

Choose the property location to invest

If you are going to invest in tax lien in online then your investment is limited to states which have online tax lien sales. There are some states in U.S which are not selling tax lien through online auction. If you want to know which counties conduct online tax lien auction, then you can find the list of counties in tax sale website.

Collect tax sale information

Getting information about tax sale is very easy because most of information can be found in the online bidding website. To find the tax lien properties you can contact your county tax collector or check some websites which conduct online tax sale. These websites has the list of all the tax lien properties and other information related to the properties.

Analyse the tax sale properties

The registration and online bidding process is easy, but you have to do some home work when you are going to buy tax lien online. Tax lien properties are listed individually or by ID number in the county website, so you have to click on the ID number to get the information about the property. In some county websites all the tax lien properties are listed in a excel file which can be easily downloaded.

Prepare for tax lien sale

To participate in online auction, you should register on the day of online sale or few weeks before tax lien sale. These registration fee that you pay for online auction are mostly non refundable. In tax lien auction you bid only for tax lien certificate of the property. If you win bidding in you should provide payment for the tax lien certificate that you purchase. The payment should be done within two days of close of tax sale.

Attend online auction

Properties in online tax lien auction are separated into batches; these batches are closed for every hour so you should bid on the property before the batch closes. You should always check your bid twice before you submit them in auction, because if you bid wrongly and won the bidding then you should pay for it. Bidding without any distraction is very important in online tax lien auction.