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	<title>Comments on: WBAL Channel 11 Report on Tax Sale</title>
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	<description>Ned Carey's Comments on Real Estate Investing, Business and Finance</description>
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		<title>By: Ned</title>
		<link>http://baltimorerealestateinvestingblog.com/2010/03/wbal-channel-11-report-on-tax-sale/comment-page-1/#comment-4458</link>
		<dc:creator>Ned</dc:creator>
		<pubDate>Mon, 22 Mar 2010 19:07:58 +0000</pubDate>
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		<description>MoAL, thanks for being a regular reader and commenter. I hope you stick around for a while.

Yes vacant homes usually redeem but generally at a lower rate than occupied homes. In Baltimore city you can start foreclosure after two months if you get a &quot;Certificate of Substantial repairs&quot; This will cost $100, the charge is for the inspection and it&#039;s $100 even if they decide not to give the certificate to you. 

Also this comes at the very time when most certificates start to redeem so you could be out $100 because of the timing of the redemption.  Off hand I can&#039;t tell you where to get one. Because it has been a hassle I haven&#039;t bothered that last couple of years.</description>
		<content:encoded><![CDATA[<p>MoAL, thanks for being a regular reader and commenter. I hope you stick around for a while.</p>
<p>Yes vacant homes usually redeem but generally at a lower rate than occupied homes. In Baltimore city you can start foreclosure after two months if you get a &#8220;Certificate of Substantial repairs&#8221; This will cost $100, the charge is for the inspection and it&#8217;s $100 even if they decide not to give the certificate to you. </p>
<p>Also this comes at the very time when most certificates start to redeem so you could be out $100 because of the timing of the redemption.  Off hand I can&#8217;t tell you where to get one. Because it has been a hassle I haven&#8217;t bothered that last couple of years.</p>
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		<title>By: MoAL</title>
		<link>http://baltimorerealestateinvestingblog.com/2010/03/wbal-channel-11-report-on-tax-sale/comment-page-1/#comment-4457</link>
		<dc:creator>MoAL</dc:creator>
		<pubDate>Mon, 22 Mar 2010 18:55:34 +0000</pubDate>
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		<description>Thanks Ned! Another question please, if you don&#039;t mind :)... Are vacant home certificates usually redeemed? And is it true that you can foreclose after 60 days on vacant homes if not redeemed? Well I guess that&#039;s 2 questions ;)</description>
		<content:encoded><![CDATA[<p>Thanks Ned! Another question please, if you don&#8217;t mind <img src='http://baltimorerealestateinvestingblog.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> &#8230; Are vacant home certificates usually redeemed? And is it true that you can foreclose after 60 days on vacant homes if not redeemed? Well I guess that&#8217;s 2 questions <img src='http://baltimorerealestateinvestingblog.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </p>
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		<title>By: Ned</title>
		<link>http://baltimorerealestateinvestingblog.com/2010/03/wbal-channel-11-report-on-tax-sale/comment-page-1/#comment-4456</link>
		<dc:creator>Ned</dc:creator>
		<pubDate>Mon, 22 Mar 2010 18:14:04 +0000</pubDate>
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		<description>MoAL,

Big investors get the most liens but they don&#039;t necessarily get the best deals.  If you had $5million a 5% return would give you $250K a year. You could probably live on that, right? Conversely It is exactly because they have $5 million they have to accept mediocre returns. It is hard to find $5M worth of killer deals in tax sale. 

Smaller investors can do well in tax sale by being smarter with their money and their bids. If you only have $3-5,000 you only need 1 or 2 winning bids.  Make sure they are good bids (i.e. low).</description>
		<content:encoded><![CDATA[<p>MoAL,</p>
<p>Big investors get the most liens but they don&#8217;t necessarily get the best deals.  If you had $5million a 5% return would give you $250K a year. You could probably live on that, right? Conversely It is exactly because they have $5 million they have to accept mediocre returns. It is hard to find $5M worth of killer deals in tax sale. </p>
<p>Smaller investors can do well in tax sale by being smarter with their money and their bids. If you only have $3-5,000 you only need 1 or 2 winning bids.  Make sure they are good bids (i.e. low).</p>
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		<title>By: MoAL</title>
		<link>http://baltimorerealestateinvestingblog.com/2010/03/wbal-channel-11-report-on-tax-sale/comment-page-1/#comment-4454</link>
		<dc:creator>MoAL</dc:creator>
		<pubDate>Mon, 22 Mar 2010 16:44:16 +0000</pubDate>
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		<description>It seems to me that the &quot;big investors&quot; end up with all the tax certs because they have &quot;big money&quot;  to place higher bids. Especially in the better areas. Can I really be successful with $3000-5000?</description>
		<content:encoded><![CDATA[<p>It seems to me that the &#8220;big investors&#8221; end up with all the tax certs because they have &#8220;big money&#8221;  to place higher bids. Especially in the better areas. Can I really be successful with $3000-5000?</p>
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