Tax Lien Investing

Some EBay auctioneers are Counties selling tax liens for land at ridiculously low prices. Liens can be purchased for 1 penny with a "face value" of about . Face value is the property tax owed by the current land owner. Problem is that the County requires a transfer fee of about 0. If the lien is redeemed by the current owner and you get for your winning bid of 1 penny, don’t you lose money after paying the County transfer fee? What am I missing here? Are bidders hoping that the owner won’t redeem and will then proceed to acquire the deed for property worth 00s?

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forclosed houses with a county tax lien on them

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I had a list of properties before , where you can pay off the taxes owed on that property to the IRS and buy the property. Does anybody know what i am talking about?

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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

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