Ownership transfers to you once the sale is finalized, though some states still allow a short redemption period for the previous owner. How the Buying Process Works 19 Risks of Buying Tax Liens
You do own the property immediately; you own the right to collect the debt plus interest.
: You purchase a "tax lien certificate," which is a claim on the property's tax debt.
: You purchase the property itself at a foreclosure auction.
Buying tax liens and deeds involves acquiring claims against properties with delinquent taxes through local government auctions.
If the owner doesn't pay within a "redemption period" (typically 1–3 years), you may be able to foreclose.
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