Posted by: Joey Chrisman ®
11/23/2003, 17:49:25
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Hi just found this message board and it is awsome. Anyways I am fairly new to tax lien/tax deed investing. I am from Jackson County in Southern Illinois and I recently purchased a lien on a nice 4 bedroom home in a nice neihborhood for 1800 dollars. The only way I could get the lien was at 0% interest so that is what I bid because every other lien was being bid at 1 to 2 %. However I am somewhat rethinking the actions that I did and am wondering if that was the best way to invest my money. It could be tied up for a few years. I am not sure on all the rules and everything, I have to send a notice to the owners and I am not sure of what I have to write for it to be perfectly legal as I do not want to screw that up. The notice is due in about a month or so and I have to send it. I am thinking that maybe I should assign the lien to somebody who might have more means to deal with the lien and I could use my money to buy a smaller lien or a tax deed that could be flipped much faster. If anyone knows the illinois procedures or anyone who might be willing to buy my lien at a discount it would be greatly appreciated. Just looking for solutions to my situation. Thank You
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