There are hundreds, thousands, or even tens of thousands of tax delinquent property deals to be had in every county in the United States at any given time.
Each and every tax delinquent property has a story.
Maybe the owner is just a little late and will catch up.
But a significant number of tax delinquent property owners will find the need to sell at some point in the tax sale process, and you'll discover exactly how to pinpoint the most likely owner to be motiviated to sell to you - often for peanuts.
Here's where you'll find a TON of "don't-wanters" - and many of these properties have no mortgage.
As time passes, banks pay off delinquent taxes on properties with mortgages. The properties that remain as the county gets ready to have their tax sale auction, usually have no mortgage.
-Get a list of ALL tax-delinquent property for your county in electronic (spreadsheet) format from your county.
-This list may even be online free
-Sort out 'worthless' properties, corporate owned, consolidate owners with multiple properties, etc
-Market to tax delinquent property owners, especially out-of-state absentees
-Collect your returned mail and track down missing owners
-Make offers and quickly flip to cash buyers
That's the beauty of having some cash buyers - the ultimate test of a property's value is what someone is willing to pay. If there are no takers on a tax delinquent property deal you're trying to put together, just walk!