If you are familiar with tax lien investing, then you most likely know about the occasional chances to buy property for the price of back taxes. Imagine getting a $200,000 piece of property for a few thousand dollars. To take advantage of this investment, you want to know How to Foreclose on tax lien sale homes.When you win the bid on a lien, the property owner is allotted a specific quantity of time to pay back the debt, along with some healthy interest and penalties. Once in awhile however, they do not. When they don’t, that piece of property becomes yours, free and clear – after you foreclose.You’ll need to know which kind is employed by the state you’re foreclosing in.Next, you will either need to publish your own legal notice of eminent foreclosure and send notice to the owner, or the county will handle it. It depends on what the state mandates. If the money is paid, the interest and penalties that the govt applied to the debt becomes your profit. Those monies are added to the first principal of the lien.If no-one comes forward to cover the bill, one of two things will occur. The property goes on sale at auction, or you own the property outright. It’s the ruling law that determines which way it goes. Some states do it one way, some another.If you chance to be in an area where the property is forced into a sale, you may still get yourself that real estate, but only if no-one bids higher than the total amount due.