> after a quiet claim is filed. and wouldn't, let's
> say buying a tax lien with a one year redemption period in Indiana
> produce the same results?
'Pure' tax liens can be redeemed by the original owner as long as he
pays it off during the redemption period. After the redemption period
and the lien was not satisfied, the investor can file for a
foreclosure/tax deed and if he wants to, can do quiet title action (a
bit more costly) to clear any question on any defects on the title.
Hybrid states are a bit different, where in they call it 'tax deeds'
but technically there's still a redemption period. Only after that
redemption period is over is when the owner can file for foreclosure,
etc.
> Do investors still have to pay on the
> lien, or rather keep paying on taxes, that may still arise in that
> time period?
If you are a lien holder, the county typically allows you to pay for
the next lien, and sometimes at default rates rather than having to
bid.
> The last question I have is where does Washington DC fall in the whole
> tax lien/tax deed affair?
It is a tax lien city, with 6 months redemption period, and 18%. You
can read about some experiences here:
http://www.bizjournals.com/washington/stories/2001/05/21/newscolumn4.html
Thanks, -Don