Tax Lien Investing

I’ve read and heard the following:

*If the owners of the property continues to not pay the property tax, All mortgages are wiped out? is this TRUE or FALSE?
* How can I own the property "Free and Clean" if the owner does not pay the property tax, and the home goes into foreclosure, he does not file bankruptcy?
*What about the other Liens on the property? Mortgage Liens?
* is this a good investment buying Tax Liens ( to potential become ownership)? free & Clear?

ONLY Real Answers please, NO negative remarks ..
5 points to best answer.

Real experience/professional preferred.

Thank You.
spelling error;
FREE AND CLEAR OF OWNERSHIP

Thank YOU!

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Benefits of Investing in Tax Lien Certificates
Is this TRUE??
You get paid Interest while holding the Tax Lien Certificate, usually in the area of 16-18%.
You have the real estate as security for your investment in Tax Lien Certificates, which are also backed by the government.
If the property owner fails to pay within the redemption period, you can foreclose on the property and be issued a deed. ( meaning FREE AND CLEAR ownership of the property?

question to experienced tax lien investors, have you ever owned a property buying a tax lien in CA, or any other state? if so, how, and how long did it take you>> experience, explanation.

Please

thank you..

i dont want to go into an auction Tax Lien, investing my $$money and loosing at the end. so I need to ask the questions to real ppl like you,

thanks.

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I am interested in purchasing property tax certificates in Cook County Illinois. I did not attend the tax sale auction, since I heard that there is too much competition that drives the interest rate to 0%, so I would like to buy a certificate in the secondary market or over the counter. I know that tax certificates are a good investment and tax buyers are very secretive and uncooperative to competition. Is there anybody that resells tax certificate in Chicago or Cook County? I am looking for certificates that will probably not be redeemed, so I can file a tax deed petition on them. Thanks much for your answers.

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