Have any of you checked with your local county clerks office as to when they have tax lien sales?
My daughter and I went to the one in her county (which will be my county when I move), this past October. We really didn't know what to expect, but were curious.
We couldn't believe it. The 5 acres right next to her, which will be caddy corner across the little dirt road from me, was listed. She had no idea. It has a little bitty house and a mobile home on it, but I was really only interested in the land. So I grabbed it. Deal is, at the sale I paid their late 2006 taxes plus penalties. This month, I paid their 2007 late taxes and penalties. At any time, they can catch up and pay me back, plus 8%. If they don't, next January I would pay their late 2008 taxes. And in June of 2009, if they're not caught up, it's mine.
May sound cold hearted, but if someone didn't pick up the tax certificate on it (me), the land just goes to the county. Better me than them.
Anyway... the best way to protect your property is to own more of it. Might be worth checking with any county you're interested in. Each county runs it by their own rules.
If I do get the deed in June 2009, my daughter and I are thinking dairy goats and making cheese, soap etc.
Just thought I'd throw that out there. If I'd known about this I'd have been buying country land years ago. I think this will be an annual thing for my daughter and I from now on.
This place is occupied by renters and the owner lives out of state. I'll end up owning the land and only paying 3 years taxes for it (if they don't catch up).