- 1). Contact the local tax assessor's office. Request a listing of properties delinquent on property taxes. Most lists are available once or twice per year for a nominal fee.
- 2). Review the list, looking at properties that appeal to you. Search criteria vary per person. You may search based on auction start price, location or type of property. Mark these properties.
- 3). Go to the county recorder's office. Ask the clerk how to perform a chain of title search. This is essentially what escrow companies do in a real estate transaction, but with a tax auction, you must do your own research. Some records may be available via computer records or files, while others will be on microfiche.
- 4). Review each listing for easements, paper streets, mechanics liens, second mortgages and other debts. Discard any property you are interested in that has encumbrances.
- 5). Drive by the addresses of the properties you are interested in. The visual examination is an imperative step in verifying the condition of the asset.
- 6). Perform a comparative analysis of similar properties selling at market value in the area. Review real estate trends and determine your maximum bid per property.
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