Purchasing government tax foreclosure properties is one of the best ways that you can save money and get the type of real estate that is right for you. These properties go on the market when they are repossessed by the government, either at the county, state or federal level. This happens when individuals fail to make payment on the taxes that they are legally responsible for paying.
The government goes through extensive steps to insure that these foreclosure proceedings only happen as a last resort, giving homeowners as much time and ability as possible to get the taxes caught up. When it does not happen, the government takes the home.