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TheDebbieDee

(11,119 posts)

54. They've been running infomercials on how to get fabulous properties

Sat Sep 14, 2013, 01:04 AM

Sep 2013

for next to nothing since the mid-90s. This is how you get those properties.

You get a listing of properties for which the owners owe back taxes, pay the taxes, get the lien then get the owner to pay you the back taxes plus interest and other charges by a specific date or you take possession of the property.

This method of acquiring property has always been available, just not well-known until the infomercials started in the 90s.

How the people that acquire property this way sleep at night is a mystery to me.......

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Man owed $134 in property taxes. The District sold the lien to an investor who foreclosed [View all] Catherina Sep 2013 OP

This is fucking disgusting. CaliforniaPeggy Sep 2013 #1

This is the kind of thing that makes me so angry Generic Other Sep 2013 #2

So what I want to know is why can't Obama bomb these guys? R. Daneel Olivaw Sep 2013 #3

Post removed Post removed Sep 2013 #8

Since you are changing the subject, it's worth asking: Were those children killed by Obama's drones, AnotherMcIntosh Sep 2013 #14

Shabby idea, wrong impulse deciding to post this photo here. Judi Lynn Sep 2013 #16

horrific bits of reality... R. Daneel Olivaw Sep 2013 #41

Also, why the f--- are private investors collecting public debts? BlueCheese Sep 2013 #6

There is more to this story. bvar22 Sep 2013 #39

That's what I thought and that's what doesn't make liberalhistorian Sep 2013 #40

This is an example of where government gets abusive joeglow3 Sep 2013 #45

They've been running infomercials on how to get fabulous properties TheDebbieDee Sep 2013 #54

This is how it's getting in America and it's tearing the nation apart davidn3600 Sep 2013 #4

Thanks, david AAO Sep 2013 #10

+100000000 woo me with science Sep 2013 #33

This is a rotten country, for sure. nt SammyWinstonJack Sep 2013 #36

+1 Gemini Cat Sep 2013 #44

America isn't even a country anymore, it's a predatory corporation. No joke, RKP5637 Sep 2013 #52

I've heard of HOAs who do the same thing. BlueCheese Sep 2013 #5

This message was self-deleted by its author PowerToThePeople Sep 2013 #7

We need to know about this BEFORE the foreclosure. AAO Sep 2013 #9

These auctions go on constantly. There's always another person you can help. Chan790 Sep 2013 #12

Good post. We would all be investing in our future! AAO Sep 2013 #32

You're so right. Any number of people would leap to help if they only knew. Judi Lynn Sep 2013 #17

Right StrayKat Sep 2013 #22

Thinking further.... (look out!) AAO Sep 2013 #34

I was thinking the same thing. I would've sent him the money to save his home. cui bono Sep 2013 #43

this is an ugly side of American capitalism at it's most rapacious Swagman Sep 2013 #11

This sounds very reasonable PowerToThePeople Sep 2013 #20

That's the way it ought to work. hunter Sep 2013 #25

It's worth noting that the article is the first of a 3-part series, LIENS, LOSS AND PROFITEERS: AnotherMcIntosh Sep 2013 #13

du rec. xchrom Sep 2013 #15

So rotten knowing this is happening. How could a sane person want to do this to someone? Judi Lynn Sep 2013 #18

Why is it legal ... surrealAmerican Sep 2013 #19

The taxing authority wants their money. Where it comes from is of no concern to them. Buns_of_Fire Sep 2013 #23

I knew someone whose mother lost her home this way xmas74 Sep 2013 #21

I have no words. CrispyQ Sep 2013 #24

Sounds like something a Democratic Mayor of DC would want to change. aikoaiko Sep 2013 #26

I'll never understand dickthegrouch Sep 2013 #27

I suspect that part of the article is wrong, somehow. BlueCheese Sep 2013 #28

It does work that way with a bank whopis01 Sep 2013 #37

It's not theft when rich respectable godfearing businesspeople people do it, silly. nt killbotfactory Sep 2013 #42

This is a great opportunity... discntnt_irny_srcsm Sep 2013 #29

G0d bless Ahmeddicca ...the great satan ...where we feed upon our own. n/t L0oniX Sep 2013 #30

Tax liens used to be a good deal for small investors csziggy Sep 2013 #31

DC is fucked up in this regard. flvegan Sep 2013 #35

Yea, and just how exactly did this morph to such hideous proportions? Jefferson23 Sep 2013 #38

Bookmarking for reference mahatmakanejeeves Sep 2013 #46

K&R! TeamPooka Sep 2013 #47

This is some evil shit. Uncle Joe Sep 2013 #48

I can barely type without launching into a tirade of obscenities 47of74 Sep 2013 #49

Steve Berman, the greedy pig who took an old sick man's home Liberal_in_LA Sep 2013 #50

Subhuman shit hole asses! n/t RKP5637 Sep 2013 #51

That is fucked up gopiscrap Sep 2013 #53