A second method of selling the property is a a “contract sale”, where you retain title to the property until the contract amount has been paid. Again, here you are the one who determines if you make the deal or not – because of this you have a wonderful amount of latitude to what you do.
I have a friend who has bought tax liens in Indiana for over 25 years. He has properties he acquired from tax liens that he has sold on contract three, four and five times.
What has happened is the people have defaulted on the contract, moved on, and he has sold the house on a contract to another party. They move, or get transferred or just walk out, and he sells the house again.
Because he has so little invested in the property he can accept deals that he would not otherwise consider.
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