New York is primarily a tax deed state although some areas of New York have placed property tax liens up for sale. I don't recommend this state due to the high levels of competition and lack information regarding investing in this area. If you are an experienced investor and want to attempt to invest in New York tax deeds then I suggest doing the following:
1) read the law covering the procedures, 2) speak to an attorney who practices real estate law and handles foreclosure of liens in New York, and 3) talk to over investors who have made the process work for them. I have worked with New York investors who choose states near to them such as New Jersey and Illinois for their tax lien purchases.
NOTE: In all tax deed states research is very important. This is because the possibility of land ownership is very high. You should begin reading the state statutes relating to property taxes and delinquent tax collection practices. It is very important to be fully aware of which liens will survive the sale and foreclosure of the deed. The new owner of the parcel will be responsible for any surviving liens and claims attached to the property.
We currently do not sell a product that details the New York tax deed sale process. I do have extensive experience with deed sale purchases and can give you some critical research suggestions to making tax deed sales work. I do suggest reading the state's tax code relating to property taxes. If you have any questions please email me or set up a consultation. If you are interested in investing in any other states I have developed two high detailed 'best of breed' tax sale products that will guide you through the entire process of researching, inspecting,
locating, and profiting from tax defaulted sales. If you are interested in investing in high
yield tax sales the right way while avoiding the
risk you should review these products and services.
Our products cover tax defaulted investments in the following states:
Alabama, Arizona, Colorado, Florida, Georgia, Illinois,
Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi,
Missouri, Montana, New Jersey, Texas, Oklahoma, Rhode Island, South
Dakota, and West Virginia.
Darius M. Barazandeh, J.D./M.B.A.
New York Tax Collection Entities
New York State Statutes - Select the Property Tax Code and Review the following areas:
- Property Tax Collection
- Collection and Enforcement of Delinquent Property Taxes
Legislative Tax Publication - I suggest periodically reviewing this information for any upcoming changes to the tax code
Census Bureau Information on New York - Use this data to research counties and to link to any online county databases
Suggested Reading # 1:
Tax Lien and Deeds Some Basics for Your Success
by Darius M. Barazandeh
Suggested Reading # 2:
Tax Sale and Tax Lien Due Diligence Matters!
by Darius M. Barazandeh
M New York Additional Research Links Page
NOTE: Nevada links can be found at the bottom of the page
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