Buying a house on the courthouse steps, also known as buying a tax lien property, involves purchasing a property that has gone into foreclosure due to unpaid property taxes. In this process, the county or municipality auctions off the property to recover the unpaid taxes.
Purchasing a house on the courthouse steps can offer several advantages, including the potential to acquire a property at a significant discount. It is a viable option for those seeking affordable housing or investment opportunities. Historically, courthouse step auctions have been a common practice for local governments to collect unpaid taxes and dispose of foreclosed properties.
