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Tax default auctions, any catch?

Hello,

I'm investigating if I want to invest in properties through auctions of tax defaulted properties.

There seem to be quite some good bargains of terrains/properties for just a few hundreds dollars sometimes. It almost seems too good to be true. Is there any catch?

I took a look at a bunch of properties the auction of which was expiring. I looked at the parcel information on the county website and the properties so far seemed in order for those auctions (a few hundred dollars back taxes due, but no big deal)

What does someone that would like to take a shot at this should look for?

​

Thanks!

submitted by /u/hayarms
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ck3aaq/tax_default_auctions_any_catch/
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