Buying A Lien On A House -

Buying a lien on a house, often called , involves paying a property owner's overdue taxes to the local government in exchange for a legal claim against the property . This process is different from buying the house itself; instead, you are essentially acting as the lender for the unpaid debt. How Tax Lien Investing Works

While tax liens are the most common for investors, other types of liens can be attached to a house: How To Buy a House With a Lien | Own Up Resources buying a lien on a house

The homeowner is given a "redemption period" (often 1–3 years) to pay you back with interest. Interest rates can be quite high, sometimes ranging from 5% to 36% depending on state laws. Buying a lien on a house, often called