Let me get to your questions. First please review my article on Due Diligence: http://www.theinformedinvestor.com/TaxLiens_TaxDeeds_DueDiligence.htm

What are some of the strategies I should consider prior to attending?

YOu need to view the property backing the certificate and determine market value and the presence of any other liens which will survive foreclosure. I have a new course that covers this material and I strongly suggest you consider it if you are going to purchase any tax lien.

Can I approach the property owner and/or the mortgage banker prior to the sale to make an offer, or is it too late ?

No. The property is in tax suit now and that will not stop the process. You would be the owner (if you were able to strike a deal) but there would still be a lien on the property. You best bet is to purchase the lien. However if you really want ownership then you may want to contact the owner or mortgage bank. The likelihood is that niether will sell.

The property that I am interested in, was on the auction block previously but removed because the property owner filed bankruptcy. Can he file a second time and remove the proerty from sale once?

No.

You can go to my website: www.theinformedinvestor.com to learn more about my product. Also if you want please give me a call and we can discuss your options regarding this property. I want to be sure you do the right kind of analysis on this.

Warmest Regards,

Darius M. Barazandeh, JD/MBA

NOTE: Any material found on this discussion forum or email with Mr. Barazandeh is not a substitute for detailed consultation with an attorney and does not create an attorney/client relationship. Information contained within this discussion forum is NOT intended to be, nor should it be taken by the reader as legal, financial or tax advice. If the services of a real estate attorney are needed please email Mr. Barazandeh or another attorney to learn about becoming a legal client.