I bought two liens. One was fine. The second one was foreclosed on. Per state law, I was to be paid back my investment plus interest, as told me but a law firm I retained. Tax Lien Vault refused to pay, it seems the tax lien still belonged to them somehow, and I had to walk away because it was not worth going to court over a $7,000 tax lien.
Lesson learned: DO NOT DO BUSINESS with the Tax Lien Vault.
Do not work with these people! I bought thousands of dollars worth of tax liens, some of which expired almost immediately, forcing me to foreclose right away so as not to lose my entire investment. Turns out the properties tied to these liens were worth a great deal less than the cost of the liens and the foreclosure fees (which were extra and also in the thousands of dollars).
They are not trustworthy and will not work with you to resolve any concerns you have! They make this form of investing sound very secure with great returns but if you pay more for the liens than the properties are worth, when you foreclose you are stuck with a worthless property AND any future taxes associated with owning the property.
Tax Lien Vault Reviews
Thieves
I bought two liens. One was fine. The second one was foreclosed on. Per state law, I was to be paid back my investment plus interest, as told me but a law firm I retained. Tax Lien Vault refused to pay, it seems the tax lien still belonged to them somehow, and I had to walk away because it was not worth going to court over a $7,000 tax lien.
Lesson learned: DO NOT DO BUSINESS with the Tax Lien Vault.
Do not work with these people! I bought thousands of dollars worth of tax liens, some of which expired almost immediately, forcing me to foreclose right away so as not to lose my entire investment. Turns out the properties tied to these liens were worth a great deal less than the cost of the liens and the foreclosure fees (which were extra and also in the thousands of dollars).
They are not trustworthy and will not work with you to resolve any concerns you have! They make this form of investing sound very secure with great returns but if you pay more for the liens than the properties are worth, when you foreclose you are stuck with a worthless property AND any future taxes associated with owning the property.