Your tax lien certificate must be recorded in the county records
June 6th, 2008 | by admin |When you buy a tax lien certificate, even though you are not purchasing the property, there is always the chance that the lien will not redeem and you will have to foreclose on the property. Real estate in the same breath as tax lien certificates are not a big deal to most people, but to a savvy investor they can resemble $$. The first thing that you need to do to ensure that your tax lien is profitable is to record your tax lien certificate with the County. Your tax lien certificate must be recorded in the county records, or it is worthless. When premium is paid for a lien, it is not the lowest interest rate that is bid that wins the lien, but rather the highest premium. Premium is not bid in all states that sell liens. First you have to understand that tax sales are auctions and in most state those extremely high interest rates are bid down to extremely low rates.