Arizona Property Tax Lien Primer

by Mark L. Manoil, Esq.

Table of Contents

Basics of the Arizona Property Tax Lien Sale Process

• How The Process Works


• A High Priority Lien


• Redemption, Investment Payoff


• Subtaxes


• Foreclosure

Risks of Arizona Property Tax Lien Investing

• Property Risks
Inadequate Security
Environmental Liability
• Risks Associated with the Owner
Owner's Bankruptcy
Owner's Military Service
• Lien and Process Risks
Liquidity
Other Liens
Government Property
Administrative Inefficiency
Litigation Expense
Uninsurable Title
• Success

Due Diligence and Investment Criteria

• Due Diligence Depends on Investment Preference


• Research Tools
Assessment information
Recorder's Office
Bankruptcy Court
RTC and FDIC
Sources of Property Information
Market Information
• Time as a Resource

Alternative Forms of Tax Lien Investing

• Pooled Investment Funds


• Investment Advisors


• What to Expect/Require of the Agent

Conclusion

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