[0x53]

So in many jurisdictions the city doesn’t actually take the properties. Instead they auction off a lien to a private company/individual and then that individual can foreclose if the tax isn’t paid. So this strategy might not work.

[hollerith]

So you buy from the private company after they foreclose.

[brewdad]

At that point the title is clean, so I would expect the property to sell much closer to the market rate minus any repairs needed to make it livable. Not really a deal to be had.