TAX CERTIFICATE / TAX DEED: A BETTER WAY TO INVEST MONEY AND GET RICHER. How Can You Safely Earn 18% or over Per
Year On Your Investments? --- Investing in Government Issued Tax Lien Certificates. What is a Tax Lien?
Year On Your Investments? --- Investing in Government Issued Tax Lien Certificates. What is a Tax Lien?
How Can You Safely Earn 10% or over
Per Year On Your Investments?
Investing in Government Issued Tax
Lien Certificates
What is a Tax Lien?
In most jurisdictions, when a
property owner is late on paying real
property taxes, the county or
municipality will issue a a tax lien on
that person's property. Certain states
allow the tax lien to become a first
lien on the property, which is then
turned around and sold at auction as
a tax lien certificate.
TAX CERTIFICATES / TAX DEED
TAX LIEN
A tax lien sale is the sale, conducted
by a governmental agency, of tax
liens for delinquent taxes on real
estate. It is one of two
methodologies used by
governmental agencies to collect
delinquent taxes owed on real
estate, the other being the tax deed
sale.
Sale process
In a tax lien state, the lien is offered
to prospective investors at public
auction. Most auctions are held in
person; however, Internet-based
auctions (especially within large
counties having numerous liens) are
becoming popular.
In the event that more than one
investor seeks the same lien,
depending on state law the winner
will be determined by one of five
methods:
Bid Down the Interest. Under this
method, the stated rate of return
offered by the government is the
maximum rate of return allowed.
However, investors can accept lower
rates of return, including zero
percent in some cases (though this
is rare in practice).
The investor accepting the lowest
rate of return is the winner. In the
event more than one investor will
accept the same lower rate, a random
or rotational method (see below) will
be used to break ties.
(Florida and Arizona use this method)
Premium. Under this method, the
investor willing to pay the highest
"premium" (or excess above the lien
amount) will be the winner. The
premium may or may not earn
interest, and may or may not be paid
back to the investor upon
redemption of the lien. (Colorado
uses this method)
Random Selection. Under this
method, a bidder will be randomly
selected from those offering a bid.
Usually a computer is used to make
the selection, but in smaller
jurisdictions more rudimentary
methods may be used.
Rotational Selection. Under this
method, the first lien will be offered
to the investor holding number one,
who has the right of first refusal. If
the investor refuses, it is offered to
number two, but will not be offered
another lien until his number comes
up again in the rotation. The next lien
will go to the next number in line.
Under this method, the investor has
no control over which liens s/he will
obtain in the bidding.
Bid Down the Ownership. Used only
in Iowa, the investor willing to
purchase the lien for the lowest
percent of encumbrance on the
property will be awarded the lien. For
example, a bidder may agree to take
a lien on only 95% of the property. If
the lien is redeemed, the investor
would only receive 95% of the
proceeds. In practice, few investors
will bid on liens for less than full
right to the property or sale
proceeds.
Therefore, with multiple owners
bidding on 100% encumbrance, the
process then generally reverts to the
random selection.
Liens not sold at auction are
considered "struck" (or sold) to the
entity (usually the county) conducting
the auction. Some states allow "over
the counter" purchases of liens not
sold at auction. However, in most
instances the unsold liens are on
marginal or worthless properties, the
liens on better properties having
been purchased at auction.
Redemption process
The investor must wait a specified
period of time (referred to as the
"redemption period"), during which
time the property owner (or someone
with an interest in the property) may
repay the lien with interest.
Usually the lien holder is not
permitted during this period to
contact the property owner (or
anyone else having an interest in the
property, such as the mortgage
holder) to demand payment or
threaten foreclosure, or else the
certificate can be forfeit.
In some jurisdictions, the lienholder
must agree to pay subsequent
unpaid property taxes during the
redemption period in order to
protect his/her interest. If the
lienholder does not pay such taxes, a
subsequent lienholder would "buy
out" the prior lienholder's interest.
Once the redemption period is over,
the lien holder may initiate
foreclosure proceedings. The
proceedings (the costs of which
must be paid by the lien holder,
though a redeeming property owner
may be required to pay them as part
of redemption) may result in either
acquiring title to the property
(normally this will be a quitclaim deed
and not insurable title), or a tax deed
sale of the property where the lien
holder has the right of first bid (and
may participate by making additional
bids if s/he so chooses).
During the period between the
initiation of proceedings and actual
foreclosure, the property owner still
has the opportunity to repay the lien
with interest plus the costs incurred
to foreclose.
If the lien holder does not act within
a specified period of time as defined
by state law, the lien is forfeit and the
holder loses his investment. Also, a
lien issued in error of state law is
repaid, but usually at a far less
interest rate than had the lien been
valid.
Hazards of tax lien sales
The rates of return can be highly
attractive. For example, Florida (a
popular tax lien state due to its
growth and investor-friendly rules) is
a "bid down the interest" state with a
maximum rate of 18% (1.5% per
month). However, Florida law
guarantees a 5%
minimum return regardless of the
rate bid (except if the bid is zero
percent) or when the lien is
redeemed.
Thus, if a certificate is purchased
one day at 0.25% (the lowest possible
rate greater than zero percent) and
redeemed the next day, the investor
will earn 5% over the certificate price
for one day's holding, or a mind-
boggling 1,825% return! Iowa, another
tax lien state, offers a guaranteed 2%
return per month (or 24% return per
year).
And, in practice, most liens are
redeemed before the property is
foreclosed.
Pitfalls of tax lien investing
Payment is usually required at
purchase or within a very short time
afterward (often no more than 24-72
hours). Failure to pay the full amount
results in all lien certificates
purchased by the investor being
cancelled, and may result in the
investor being barred from future
sales.
Tax liens on "choice" properties are
quickly purchased by major
institutional investors having
sufficient time and resources to
research valuable properties vs.
worthless ones and who can afford
the occasional poor choice; smaller
liens usually involve properties that
are generally worthless (such as odd
strips of land).
(In addition, Florida does not allow
auctions or sales of tax liens of less
than $100 on homesteads.) In
"random" and "rotational"
jurisdictions, investors have even
less control over which liens they
purchase.
In "bid down the interest"
jurisdictions, valuable properties are
usually bid to the lowest rate
possible greater than zero percent.
(For example, Florida permits the
interest rate to be bid down to a
minuscule 0.25% – though it
guarantees a minimum 5% return –
while Arizona allows the bid to be as
low as 1%.) Similarly, in "premium"
states, valuable properties are bid
up above the means of an average
investor.
Unlike a certificate of deposit, tax
liens are illiquid. They cannot be
"cashed in" (resold to the taxing
authority), but must be held until
either they are repaid or the holder
takes action to foreclose. (It is
possible, however, to assign one's
interest in a tax lien to another party.)
Some experts tout tax lien sales as a
means of acquiring property at highly
discounted prices. In practice, the
majority of liens are redeemed well
before the property can be
foreclosed (especially where a
mortgage is involved, as the
mortgage holder is secondary in line
to a tax lien), and where tax deed
sales are used to foreclose,
numerous bidders participate, thus
making the chances of actual
acquisition remote.
If someone is successful in attaining
the deed to the property, the
property might have environmental
problems for which the new owner
will be responsible.
Depending upon the state, this could
be very disadvantageous and the
investor might have to pay a large
amount of money to have the
problem taken care of and/or be
fined daily until the problems are
fixed.
There may also be other
governmental liens (such as weed
liens or demolition liens) that the
investor must pay off when attaining
title to the property. These are not
part of the lien sale and remain even
if the lien holder acquires the
property.
If the owner of the property declares
bankruptcy, the bankruptcy court may
lower the interest rate to be paid, or
may discharge part or all of the lien,
leaving the lien holder with nothing
Per Year On Your Investments?
Investing in Government Issued Tax
Lien Certificates
What is a Tax Lien?
In most jurisdictions, when a
property owner is late on paying real
property taxes, the county or
municipality will issue a a tax lien on
that person's property. Certain states
allow the tax lien to become a first
lien on the property, which is then
turned around and sold at auction as
a tax lien certificate.
TAX CERTIFICATES / TAX DEED
TAX LIEN
A tax lien sale is the sale, conducted
by a governmental agency, of tax
liens for delinquent taxes on real
estate. It is one of two
methodologies used by
governmental agencies to collect
delinquent taxes owed on real
estate, the other being the tax deed
sale.
Sale process
In a tax lien state, the lien is offered
to prospective investors at public
auction. Most auctions are held in
person; however, Internet-based
auctions (especially within large
counties having numerous liens) are
becoming popular.
In the event that more than one
investor seeks the same lien,
depending on state law the winner
will be determined by one of five
methods:
Bid Down the Interest. Under this
method, the stated rate of return
offered by the government is the
maximum rate of return allowed.
However, investors can accept lower
rates of return, including zero
percent in some cases (though this
is rare in practice).
The investor accepting the lowest
rate of return is the winner. In the
event more than one investor will
accept the same lower rate, a random
or rotational method (see below) will
be used to break ties.
(Florida and Arizona use this method)
Premium. Under this method, the
investor willing to pay the highest
"premium" (or excess above the lien
amount) will be the winner. The
premium may or may not earn
interest, and may or may not be paid
back to the investor upon
redemption of the lien. (Colorado
uses this method)
Random Selection. Under this
method, a bidder will be randomly
selected from those offering a bid.
Usually a computer is used to make
the selection, but in smaller
jurisdictions more rudimentary
methods may be used.
Rotational Selection. Under this
method, the first lien will be offered
to the investor holding number one,
who has the right of first refusal. If
the investor refuses, it is offered to
number two, but will not be offered
another lien until his number comes
up again in the rotation. The next lien
will go to the next number in line.
Under this method, the investor has
no control over which liens s/he will
obtain in the bidding.
Bid Down the Ownership. Used only
in Iowa, the investor willing to
purchase the lien for the lowest
percent of encumbrance on the
property will be awarded the lien. For
example, a bidder may agree to take
a lien on only 95% of the property. If
the lien is redeemed, the investor
would only receive 95% of the
proceeds. In practice, few investors
will bid on liens for less than full
right to the property or sale
proceeds.
Therefore, with multiple owners
bidding on 100% encumbrance, the
process then generally reverts to the
random selection.
Liens not sold at auction are
considered "struck" (or sold) to the
entity (usually the county) conducting
the auction. Some states allow "over
the counter" purchases of liens not
sold at auction. However, in most
instances the unsold liens are on
marginal or worthless properties, the
liens on better properties having
been purchased at auction.
Redemption process
The investor must wait a specified
period of time (referred to as the
"redemption period"), during which
time the property owner (or someone
with an interest in the property) may
repay the lien with interest.
Usually the lien holder is not
permitted during this period to
contact the property owner (or
anyone else having an interest in the
property, such as the mortgage
holder) to demand payment or
threaten foreclosure, or else the
certificate can be forfeit.
In some jurisdictions, the lienholder
must agree to pay subsequent
unpaid property taxes during the
redemption period in order to
protect his/her interest. If the
lienholder does not pay such taxes, a
subsequent lienholder would "buy
out" the prior lienholder's interest.
Once the redemption period is over,
the lien holder may initiate
foreclosure proceedings. The
proceedings (the costs of which
must be paid by the lien holder,
though a redeeming property owner
may be required to pay them as part
of redemption) may result in either
acquiring title to the property
(normally this will be a quitclaim deed
and not insurable title), or a tax deed
sale of the property where the lien
holder has the right of first bid (and
may participate by making additional
bids if s/he so chooses).
During the period between the
initiation of proceedings and actual
foreclosure, the property owner still
has the opportunity to repay the lien
with interest plus the costs incurred
to foreclose.
If the lien holder does not act within
a specified period of time as defined
by state law, the lien is forfeit and the
holder loses his investment. Also, a
lien issued in error of state law is
repaid, but usually at a far less
interest rate than had the lien been
valid.
Hazards of tax lien sales
The rates of return can be highly
attractive. For example, Florida (a
popular tax lien state due to its
growth and investor-friendly rules) is
a "bid down the interest" state with a
maximum rate of 18% (1.5% per
month). However, Florida law
guarantees a 5%
minimum return regardless of the
rate bid (except if the bid is zero
percent) or when the lien is
redeemed.
Thus, if a certificate is purchased
one day at 0.25% (the lowest possible
rate greater than zero percent) and
redeemed the next day, the investor
will earn 5% over the certificate price
for one day's holding, or a mind-
boggling 1,825% return! Iowa, another
tax lien state, offers a guaranteed 2%
return per month (or 24% return per
year).
And, in practice, most liens are
redeemed before the property is
foreclosed.
Pitfalls of tax lien investing
Payment is usually required at
purchase or within a very short time
afterward (often no more than 24-72
hours). Failure to pay the full amount
results in all lien certificates
purchased by the investor being
cancelled, and may result in the
investor being barred from future
sales.
Tax liens on "choice" properties are
quickly purchased by major
institutional investors having
sufficient time and resources to
research valuable properties vs.
worthless ones and who can afford
the occasional poor choice; smaller
liens usually involve properties that
are generally worthless (such as odd
strips of land).
(In addition, Florida does not allow
auctions or sales of tax liens of less
than $100 on homesteads.) In
"random" and "rotational"
jurisdictions, investors have even
less control over which liens they
purchase.
In "bid down the interest"
jurisdictions, valuable properties are
usually bid to the lowest rate
possible greater than zero percent.
(For example, Florida permits the
interest rate to be bid down to a
minuscule 0.25% – though it
guarantees a minimum 5% return –
while Arizona allows the bid to be as
low as 1%.) Similarly, in "premium"
states, valuable properties are bid
up above the means of an average
investor.
Unlike a certificate of deposit, tax
liens are illiquid. They cannot be
"cashed in" (resold to the taxing
authority), but must be held until
either they are repaid or the holder
takes action to foreclose. (It is
possible, however, to assign one's
interest in a tax lien to another party.)
Some experts tout tax lien sales as a
means of acquiring property at highly
discounted prices. In practice, the
majority of liens are redeemed well
before the property can be
foreclosed (especially where a
mortgage is involved, as the
mortgage holder is secondary in line
to a tax lien), and where tax deed
sales are used to foreclose,
numerous bidders participate, thus
making the chances of actual
acquisition remote.
If someone is successful in attaining
the deed to the property, the
property might have environmental
problems for which the new owner
will be responsible.
Depending upon the state, this could
be very disadvantageous and the
investor might have to pay a large
amount of money to have the
problem taken care of and/or be
fined daily until the problems are
fixed.
There may also be other
governmental liens (such as weed
liens or demolition liens) that the
investor must pay off when attaining
title to the property. These are not
part of the lien sale and remain even
if the lien holder acquires the
property.
If the owner of the property declares
bankruptcy, the bankruptcy court may
lower the interest rate to be paid, or
may discharge part or all of the lien,
leaving the lien holder with nothing
TAX DEED
Real estate taxes are considered delinquent if not paid within a
specified period of time. If the taxes are not paid, after notice is
given to the property owner (as well as others holding an interest in
the property, such as a mortgage company), the property is sold at
public auction to the highest bidder.
Some jurisdictions require notice only, others requiring filing a
judicial action to commence proceedings.
----KNOWLEDGEFINANCIALGROUP.COM
The minimum bid is generally the amount of back taxes owed plus
interest, as well as costs associated with selling the property. In the
event the property is not purchased, title reverts to the government,
and the property may be purchased by any member of the public in a
private transaction.
In most cases, the jurisdiction will only provide a quitclaim deed at
the sale, which is usually insufficient for title insurance. Therefore, a
"quiet title " action must be filed in court to obtain an insurable title.
Some jurisdictions allow a "redemption period", whereby the former
owner has a specified amount of time to reclaim the property by
repaying the amount bid at auction plus a penalty (for example, Texas
allows a 6-month period in most cases, with a flat 25% penalty to be
added to the amount paid at sale).
As such, purchasers of properties at tax deed sales are cautioned
not to make major improvements on the property until after the
redemption period has expired.
In other states the exact opposite is true. Florida has no redemption
period. The winning bidder is provided a tax deed. A quiet title action
must still be filed to obtain title insurance, however a tax deed in
Florida is a sellable title. Cases in which individuals were able to
recover their property after a tax deed auction in Florida are
extremely rare.
They will take a court action and an extensive period of time. Also in
Florida any improvements made on the property during the time the
tax deed holder is in possession of the property must be reimbursed
by the original owner should they be successful in their lawsuit to
recover their property.
A few other things of note are that tax delinquent properties on
which there are no bids at auction time are placed on a "struck-off"
or "over the counter" list and are usually available for immediate
purchase via submitting an application to purchase in many counties.
There are 22 states within the USA that hold tax deed sales, many of
them on a monthly basis.
Additionally, for international investors, anyone (non-nationals and
aliens) can own, hold and will property titles, therefore tax deeds and
tax lien certificates are purchasable by anyone who is an alien
(non-national) of the USA.
Please note: Due diligence MUST be done on these properties before
purchase via searching the county public records personally or via a
title search company due to the possibility of liens, IRS amounts or
possible mortgages still owing on the property itself and also for the
reason that you may be purchasing virtually worthless land.
The last thing most people want to become is a road, common area,
park or swamp owner.
Many counties nowadays provide parcel search facilities online and
some of them also provide aerial photographs or tax assessor shots
of the houses/properties themselves.
-- KNOWLEDGEFINANCIALGROUP.COM
General Information
Property owners are required to pay property taxes on an annual
basis to the County Tax Collector. If the owner neglects to pay his/her
taxes by the end of May following the taxable year, a "Tax Certificate"
is sold by the Tax Collector.
A tax certificate is held for a minimum of two years and a maximum of
seven years. At any time between the second and seventh year, the
certificate holder may request the sale of the property to satisfy the
certificate.
The actual sale is held in the lobby of the County Courthouse. All
owners and lien holders are notified and the sale is held in
accordance with Florida Statutes.
The property is placed up for bid and auctioned off. All bids must be
honored within 24 hours of the sale.
Bidders must deposit $200.00 in cash or cashiers check prior to
making a bid.
A property owner may redeem his property by paying all back taxes
and costs up until the Clerk of the Court signs the Tax Deed. The sale
is final when the Clerk signs the Tax Deed.
Costs, fees, and any valid liens are paid out of the monies received
from the successful bidder. Notarized claims must be submitted to
the Clerk's Office to substantiate a claim. The Certificate Holder is
then reimbursed his monies plus interest earned. The former
property owner as well as lienholders may claim any excess
funds.-------------------------------------------------------------------------
TAX LIEN SALES
INTRODUCTION TO TAX LIEN SALE
For more than two hundred years, the United States government has
levied taxes against real estate. At the county government level
these taxes fund a number of services, including hospitals, public
schools, law enforcement, road construction & maintenance, parks,
and playground equipment. When taxes are not paid, the government
does not have the operating capitol needed for these programs.
----KNOWLEDGEFINANCIALGROUP.COM
Description
As one means of generating lost income from delinquent taxpayers,
county governments offer Tax Sales at auction to the public.
During Tax Lien Sales, what is purchased at these auctions is not
land, rather a debt to be collected on. By purchasing the right to
collect past due taxes, a buyer is in essence loaning money to the
property owner to pay their taxes.
During Tax Deed Sales however, the winning bidder will own the
deed and the land, having purchased it from the county or authority
performing the sale.
A Tax Lien, or Tax Certificate Sale is a public sale, usually at auction,
of the right to collect on a delinquent taxpayer's debt. This sale is
held by the County, generally once each year. What is purchased by
the winning bidder is not the deed to a property.
The purchaser's money pays the delinquent taxes to the County on
behalf of the delinquent property owner. In exchange, the purchaser
is given first lien position on title, ahead of mortgages, deeds of
trust, and judgments, subordinate only to State tax liens.
----KNOWLEDGEFINANCIALGROUP.COM
Under the terms of the sale which may differ greatly from county to
county, if the debt is not repaid with interest (rate determined at the
time of sale) within a specified time period, the purchaser of the tax
lien may foreclose upon the property, and all junior (subordinate)
liens are dissolved, forgiven, or otherwise not the responsibility of
the purchaser. If you are interested in participating in a Tax Lien or
Tax Certificate Sale, contact the county for specific information and
details both about the sale and the properties.
A Tax Deed Sale is a public sale, usually at auction, of the deed to the
property of a delinquent taxpayer. The Owner and all lien holders
have been given ample time and have received proper legal
notification that the property will be sold if due taxes are not satisfied.
Different than a Tax Lien Certificate Sale, the winning bidder
purchases the deed to a piece of property, becoming the new owner
and obtaining all rights to the property free and clear of liens,
mortgages, deeds of trust, etc.
It is extremely important to know and understand which type of sale
you are attending, a tax deed or tax lien/certificate sale. Each has
specific rules and guidelines which must be followed promptly, and
which can differ greatly county to county.
It is strongly recommended that anyone interested in attending a tax
sale be aware of the method and timeliness required for payment and
delivery of a property. For further information, familiarize yourself
with property tax law, consult a legal attorney, and contact the
government agency conducting the sale.
KNOWLEDGEFINANCIALGROUP.COM
Real estate taxes are considered delinquent if not paid within a
specified period of time. If the taxes are not paid, after notice is
given to the property owner (as well as others holding an interest in
the property, such as a mortgage company), the property is sold at
public auction to the highest bidder.
Some jurisdictions require notice only, others requiring filing a
judicial action to commence proceedings.
----KNOWLEDGEFINANCIALGROUP.COM
The minimum bid is generally the amount of back taxes owed plus
interest, as well as costs associated with selling the property. In the
event the property is not purchased, title reverts to the government,
and the property may be purchased by any member of the public in a
private transaction.
In most cases, the jurisdiction will only provide a quitclaim deed at
the sale, which is usually insufficient for title insurance. Therefore, a
"quiet title " action must be filed in court to obtain an insurable title.
Some jurisdictions allow a "redemption period", whereby the former
owner has a specified amount of time to reclaim the property by
repaying the amount bid at auction plus a penalty (for example, Texas
allows a 6-month period in most cases, with a flat 25% penalty to be
added to the amount paid at sale).
As such, purchasers of properties at tax deed sales are cautioned
not to make major improvements on the property until after the
redemption period has expired.
In other states the exact opposite is true. Florida has no redemption
period. The winning bidder is provided a tax deed. A quiet title action
must still be filed to obtain title insurance, however a tax deed in
Florida is a sellable title. Cases in which individuals were able to
recover their property after a tax deed auction in Florida are
extremely rare.
They will take a court action and an extensive period of time. Also in
Florida any improvements made on the property during the time the
tax deed holder is in possession of the property must be reimbursed
by the original owner should they be successful in their lawsuit to
recover their property.
A few other things of note are that tax delinquent properties on
which there are no bids at auction time are placed on a "struck-off"
or "over the counter" list and are usually available for immediate
purchase via submitting an application to purchase in many counties.
There are 22 states within the USA that hold tax deed sales, many of
them on a monthly basis.
Additionally, for international investors, anyone (non-nationals and
aliens) can own, hold and will property titles, therefore tax deeds and
tax lien certificates are purchasable by anyone who is an alien
(non-national) of the USA.
Please note: Due diligence MUST be done on these properties before
purchase via searching the county public records personally or via a
title search company due to the possibility of liens, IRS amounts or
possible mortgages still owing on the property itself and also for the
reason that you may be purchasing virtually worthless land.
The last thing most people want to become is a road, common area,
park or swamp owner.
Many counties nowadays provide parcel search facilities online and
some of them also provide aerial photographs or tax assessor shots
of the houses/properties themselves.
-- KNOWLEDGEFINANCIALGROUP.COM
General Information
Property owners are required to pay property taxes on an annual
basis to the County Tax Collector. If the owner neglects to pay his/her
taxes by the end of May following the taxable year, a "Tax Certificate"
is sold by the Tax Collector.
A tax certificate is held for a minimum of two years and a maximum of
seven years. At any time between the second and seventh year, the
certificate holder may request the sale of the property to satisfy the
certificate.
The actual sale is held in the lobby of the County Courthouse. All
owners and lien holders are notified and the sale is held in
accordance with Florida Statutes.
The property is placed up for bid and auctioned off. All bids must be
honored within 24 hours of the sale.
Bidders must deposit $200.00 in cash or cashiers check prior to
making a bid.
A property owner may redeem his property by paying all back taxes
and costs up until the Clerk of the Court signs the Tax Deed. The sale
is final when the Clerk signs the Tax Deed.
Costs, fees, and any valid liens are paid out of the monies received
from the successful bidder. Notarized claims must be submitted to
the Clerk's Office to substantiate a claim. The Certificate Holder is
then reimbursed his monies plus interest earned. The former
property owner as well as lienholders may claim any excess
funds.-------------------------------------------------------------------------
TAX LIEN SALES
INTRODUCTION TO TAX LIEN SALE
For more than two hundred years, the United States government has
levied taxes against real estate. At the county government level
these taxes fund a number of services, including hospitals, public
schools, law enforcement, road construction & maintenance, parks,
and playground equipment. When taxes are not paid, the government
does not have the operating capitol needed for these programs.
----KNOWLEDGEFINANCIALGROUP.COM
Description
As one means of generating lost income from delinquent taxpayers,
county governments offer Tax Sales at auction to the public.
During Tax Lien Sales, what is purchased at these auctions is not
land, rather a debt to be collected on. By purchasing the right to
collect past due taxes, a buyer is in essence loaning money to the
property owner to pay their taxes.
During Tax Deed Sales however, the winning bidder will own the
deed and the land, having purchased it from the county or authority
performing the sale.
A Tax Lien, or Tax Certificate Sale is a public sale, usually at auction,
of the right to collect on a delinquent taxpayer's debt. This sale is
held by the County, generally once each year. What is purchased by
the winning bidder is not the deed to a property.
The purchaser's money pays the delinquent taxes to the County on
behalf of the delinquent property owner. In exchange, the purchaser
is given first lien position on title, ahead of mortgages, deeds of
trust, and judgments, subordinate only to State tax liens.
----KNOWLEDGEFINANCIALGROUP.COM
Under the terms of the sale which may differ greatly from county to
county, if the debt is not repaid with interest (rate determined at the
time of sale) within a specified time period, the purchaser of the tax
lien may foreclose upon the property, and all junior (subordinate)
liens are dissolved, forgiven, or otherwise not the responsibility of
the purchaser. If you are interested in participating in a Tax Lien or
Tax Certificate Sale, contact the county for specific information and
details both about the sale and the properties.
A Tax Deed Sale is a public sale, usually at auction, of the deed to the
property of a delinquent taxpayer. The Owner and all lien holders
have been given ample time and have received proper legal
notification that the property will be sold if due taxes are not satisfied.
Different than a Tax Lien Certificate Sale, the winning bidder
purchases the deed to a piece of property, becoming the new owner
and obtaining all rights to the property free and clear of liens,
mortgages, deeds of trust, etc.
It is extremely important to know and understand which type of sale
you are attending, a tax deed or tax lien/certificate sale. Each has
specific rules and guidelines which must be followed promptly, and
which can differ greatly county to county.
It is strongly recommended that anyone interested in attending a tax
sale be aware of the method and timeliness required for payment and
delivery of a property. For further information, familiarize yourself
with property tax law, consult a legal attorney, and contact the
government agency conducting the sale.
KNOWLEDGEFINANCIALGROUP.COM
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How Can You Safely Earn 10% to 36% Per Year On Your Investments?
Yes you can... By investing in Government Issued Tax Liens, Tax deed Certificates. HOW
TO BUY TAX LIENS, TAX DEED CERTIFICATES? Easy, we will show you all the techniques,
strategies and methods ! ---- JUST CLICK ON THE LINK ---
Yes you can... By investing in Government Issued Tax Liens, Tax deed Certificates. HOW
TO BUY TAX LIENS, TAX DEED CERTIFICATES? Easy, we will show you all the techniques,
strategies and methods ! ---- JUST CLICK ON THE LINK ---
Education Tax Credit,
Tax Saving, Tax
Reduction, Tax
Benefits.
TAX EDUCATION
CREDITS: The Tuition
and Fees Deduction
allows you to save big
on taxes.
The Student Loan
Interest Deduction.
Click Here to Learn
More...
Tax Saving, Tax
Reduction, Tax
Benefits.
TAX EDUCATION
CREDITS: The Tuition
and Fees Deduction
allows you to save big
on taxes.
The Student Loan
Interest Deduction.
Click Here to Learn
More...
Education Tax Credit,
Tax Saving, Tax
Reduction, Tax
Benefits.
TAX EDUCATION
CREDITS: The Tuition
and Fees Deduction
allows you to save big
on taxes.
The Student Loan
Interest Deduction.
Click Here to Learn
More...
Tax Saving, Tax
Reduction, Tax
Benefits.
TAX EDUCATION
CREDITS: The Tuition
and Fees Deduction
allows you to save big
on taxes.
The Student Loan
Interest Deduction.
Click Here to Learn
More...
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How not to pay taxes on Real Estate? 1031
Exchange... CLICK HERE
What to do if you Can’t Pay your Tax Bill?
How to Cut Your Property Taxes
TAX CERTIFICATE / TAX DEED: A BETTER
WAY TO INVEST MONEY AND GET RICHER
Tax strategies, Tax advantage, Tax advice
for all. HOW TO REDUCE YOUR TAXES TO
GET MAXIMUM RETURN FROM THE I.R.S.?
TAXES: THE FUNDAMENTAL OF TAXES. THE
MORE YOU KNOW, THE LESS YOU PAY.
Corporation can provide certain benefits not
available to other entities.
What's New for Tax Savings?
Here are the tax law changes you need to
know to get more money from uncle Sam..
TAX LIENS: ---Investing in Government
Issued Tax Lien Certificates! Do you ever
wonder what would happen if you don't pay
your property taxes? Can You Safely Earn
18% or more Per Year On Your
Investments?
Education Tax Credit, Tax Saving, Tax
Reduction, Tax Benefits. How to Maximize
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INVESTOR, AND LANDLORDS; The More You
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What to do if you Can’t Pay your Tax Bill?
How to Cut Your Property Taxes
TAX CERTIFICATE / TAX DEED: A BETTER
WAY TO INVEST MONEY AND GET RICHER
Tax strategies, Tax advantage, Tax advice
for all. HOW TO REDUCE YOUR TAXES TO
GET MAXIMUM RETURN FROM THE I.R.S.?
TAXES: THE FUNDAMENTAL OF TAXES. THE
MORE YOU KNOW, THE LESS YOU PAY.
Corporation can provide certain benefits not
available to other entities.
What's New for Tax Savings?
Here are the tax law changes you need to
know to get more money from uncle Sam..
TAX LIENS: ---Investing in Government
Issued Tax Lien Certificates! Do you ever
wonder what would happen if you don't pay
your property taxes? Can You Safely Earn
18% or more Per Year On Your
Investments?
Education Tax Credit, Tax Saving, Tax
Reduction, Tax Benefits. How to Maximize
Your Tax Deductions
Ten Top Tax Tips!
TAX SAVING TIPS FOR INDIVIDUAL
INVESTOR, AND LANDLORDS; The More You
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Why Invest in Unique Property Tax
Liens?
Investing in tax liens and deeds is a proven way to
earn fixed annual returns of up to 12.95%, with the
opportunity to profit from windfall bonuses. Contact
Commercial Equity Partners, Ltd. to learn more
about investing in tax liens and deeds purchased
in select U.S. states.
Each year, millions of homeowners and land
owners fail to pay their property taxes, leaving the
local government short on funds. At CEP, we work
with other investors to help bail out county and city
governments by purchasing property tax liens and
deeds. ---KNOWLEDGEFINANCIAL.COM
What is a Property Tax Lien or
Deed?
In most states, if a homeowner or commercial
property owner fails to pay property taxes, the
county will issue a tax lien on that property. The
local government may then sell the lien at auction
to obtain the necessary tax revenue it needs to
continue providing services to its constituents.
What does a tax lien certificate look like?
Benefits of Investing in a Tax Lien
Purchase:
No Fees: A tax lien purchase is a "no load
investment", meaning no fees are charged to
invest.
High Fixed Yield: You'll enjoy much more
generous annual returns than standard bank rates,
compounded monthly for a higher APY.
Windfall Profit Sharing: Whenever a property is
foreclosed, the investors in the fund (Platinum) will
In the sagging real estate market, tax defaults
continue to skyrocket, resulting in more liens than
any other period in history. While this is a tough
time for many, it also creates an unprecedented
opportunity to invest in high-yielding tax lien
certificates with a minimum of risk.
Why Invest in Tax Liens?
Savvy investors have been profiting from tax liens
for years. Below are just a few of the benefits:
Superior Returns: The rate of return on a tax lien
can be much higher than stocks, bonds, and other
investments.
KNOWLEDGEFINANCIALGROUP.COM
Liens?
Investing in tax liens and deeds is a proven way to
earn fixed annual returns of up to 12.95%, with the
opportunity to profit from windfall bonuses. Contact
Commercial Equity Partners, Ltd. to learn more
about investing in tax liens and deeds purchased
in select U.S. states.
Each year, millions of homeowners and land
owners fail to pay their property taxes, leaving the
local government short on funds. At CEP, we work
with other investors to help bail out county and city
governments by purchasing property tax liens and
deeds. ---KNOWLEDGEFINANCIAL.COM
What is a Property Tax Lien or
Deed?
In most states, if a homeowner or commercial
property owner fails to pay property taxes, the
county will issue a tax lien on that property. The
local government may then sell the lien at auction
to obtain the necessary tax revenue it needs to
continue providing services to its constituents.
What does a tax lien certificate look like?
Benefits of Investing in a Tax Lien
Purchase:
No Fees: A tax lien purchase is a "no load
investment", meaning no fees are charged to
invest.
High Fixed Yield: You'll enjoy much more
generous annual returns than standard bank rates,
compounded monthly for a higher APY.
Windfall Profit Sharing: Whenever a property is
foreclosed, the investors in the fund (Platinum) will
In the sagging real estate market, tax defaults
continue to skyrocket, resulting in more liens than
any other period in history. While this is a tough
time for many, it also creates an unprecedented
opportunity to invest in high-yielding tax lien
certificates with a minimum of risk.
Why Invest in Tax Liens?
Savvy investors have been profiting from tax liens
for years. Below are just a few of the benefits:
Superior Returns: The rate of return on a tax lien
can be much higher than stocks, bonds, and other
investments.
KNOWLEDGEFINANCIALGROUP.COM
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| #1--TAX LIEN CERTIFICATES: THE MOST BENEFICIAL, MOST LUCRATIVE, THE SAFEST INVESTMENT. SECURE BY REAL ESTATE-GUARANTEE BY THE GOVERNMENT.-- --TAX LIEN CERTIFICATES INFORMATION CENTER.-- #2--How Can You Safely Earn 10% to 36% Per Year On Your Investments? Yes you can... By investing in Government Issued Tax Liens, Tax deed Certificates. HOW TO BUY TAX LIENS, TAX DEED ? -- #3--DEED &TITLE: REAL ESTATE DEED & TITLE OWNERSHIP, GREAT THINGS TO KNOW ABOUT! -- Tax Lien Certificates, Tax Deed: The Guaranteed Solution to Your Financial Freedom- Tax Lien Certificates, Tax Deed You Can quickly and safely create a consistent and steady monthly cash flow |
#1--TAX LIEN CERTIFICATES: THE MOST
BENEFICIAL, MOST LUCRATIVE, THE SAFEST
INVESTMENT. SECURE BY REAL
ESTATE-GUARANTEE BY THE GOVERNMENT.--
--TAX LIEN CERTIFICATES INFORMATION
CENTER.--
#2--How Can You Safely Earn 10% to 36% Per
Year On Your Investments? Yes you can... By
investing in Government Issued Tax Liens, Tax
deed Certificates. HOW TO BUY TAX LIENS, TAX
DEED ? --
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Tax Lien Certificates, Tax Deed You Can quickly
and safely create a consistent and steady
monthly cash flow
BENEFICIAL, MOST LUCRATIVE, THE SAFEST
INVESTMENT. SECURE BY REAL
ESTATE-GUARANTEE BY THE GOVERNMENT.--
--TAX LIEN CERTIFICATES INFORMATION
CENTER.--
#2--How Can You Safely Earn 10% to 36% Per
Year On Your Investments? Yes you can... By
investing in Government Issued Tax Liens, Tax
deed Certificates. HOW TO BUY TAX LIENS, TAX
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| Tax Liens and How To Make Money From Tax Lien Investing - KNOWLEDGE FINANCIAL GROUP |
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'' Tax Liens and How To Make Money From Tax Lien
Investing - KNOWLEDGE FINANCIAL GROUP -
KNOWLEDGEFINANCIALGROUP.COM
In order to stay ahead of inflation, investors are
constantly looking for safe investments ...
Tax lien sales are usually held once a year in every
county.
How do you buy for a tax lien certificate?
They used to always be live events that required you to show up. Not so
much anymore. Online auctions are much more common these days.
Some counties hold two different auctions during the year.
One they call a county sale and a second they call a city sale. Anyone who
wants to participate as an investor must register at least 2-3 weeks ahead.
If required, this is when you pay your registration fee.
Once you register, you get an email from the county with your bid
identification number. When the date and time of the auction comes, you
browse the available choices online and place your bids.
There is always a minimum bid.
The minimum is calculated by adding together the interest, penalties (any
applicable costs), and gross tax. As you browse the properties that are
available, the minimum bid for each one is listed next to each one.
Investing - KNOWLEDGE FINANCIAL GROUP -
KNOWLEDGEFINANCIALGROUP.COM
In order to stay ahead of inflation, investors are
constantly looking for safe investments ...
Tax lien sales are usually held once a year in every
county.
How do you buy for a tax lien certificate?
They used to always be live events that required you to show up. Not so
much anymore. Online auctions are much more common these days.
Some counties hold two different auctions during the year.
One they call a county sale and a second they call a city sale. Anyone who
wants to participate as an investor must register at least 2-3 weeks ahead.
If required, this is when you pay your registration fee.
Once you register, you get an email from the county with your bid
identification number. When the date and time of the auction comes, you
browse the available choices online and place your bids.
There is always a minimum bid.
The minimum is calculated by adding together the interest, penalties (any
applicable costs), and gross tax. As you browse the properties that are
available, the minimum bid for each one is listed next to each one.
TAX LIEN INVESTING:
You need to pay attention to the actions of other
bidders and allow that to influence your decisions.
The list of properties that will be available at the auction are published
a few weeks before.
Depending on the county, there could be a dozen or hundreds of
properties available.
You need to make sure that you have a personal system ready before
jumping in with bids.
How are you going to narrow down the choices? Have your criteria
already laid out. This will help you get what you want.
-------------
First and foremost, let your investment budget be your initial guide.
Don’t bid on something you can’t afford. Cross those ones off your list
first. Then let your goals help you choose where to place your bids.
Not interested in actually acquiring property but you still want interest
income? Then bid on some single-family homes. Homes that have
mortgages.
-------------
The redemption rate on these is very high. Some counties have a 95%
redemption rate on these kinds of properties.
Remember that when it comes to tax liens, only invest money you won’
t need in the short term.
The reason for this is that there’s a 6 month-to-3 year time frame for
this kind of investing.
Remember that there’s a registration fee to join the auction, but you
only have to pay it once.
You need to pay attention to the actions of other
bidders and allow that to influence your decisions.
The list of properties that will be available at the auction are published
a few weeks before.
Depending on the county, there could be a dozen or hundreds of
properties available.
You need to make sure that you have a personal system ready before
jumping in with bids.
How are you going to narrow down the choices? Have your criteria
already laid out. This will help you get what you want.
-------------
First and foremost, let your investment budget be your initial guide.
Don’t bid on something you can’t afford. Cross those ones off your list
first. Then let your goals help you choose where to place your bids.
Not interested in actually acquiring property but you still want interest
income? Then bid on some single-family homes. Homes that have
mortgages.
-------------
The redemption rate on these is very high. Some counties have a 95%
redemption rate on these kinds of properties.
Remember that when it comes to tax liens, only invest money you won’
t need in the short term.
The reason for this is that there’s a 6 month-to-3 year time frame for
this kind of investing.
Remember that there’s a registration fee to join the auction, but you
only have to pay it once.
How To Buy Tax Liens...
Learn About Tax Liens And Real Estate
Auctions:
There are two ways to profit from tax lien investing: through interest
payments or taking ownership of the property.
The entire process should be handled with care, and under the
guidance of a real estate attorney. Actually purchasing a tax lien is
typically done at a real estate auction.
Take time to really understand the real estate auction process before
you attempt to bid on any tax liens. Decide On A Target Area:
Tax liens are assigned by county, so it will be helpful to narrow down
your target area before looking for investments.
This website offers a list of counties in the U.S. by state. Note that
areas with financial strain may be more willing to offer deals on tax
lien properties.
Check out public records to find the financial status of counties near
you and find which areas represent the most promise.
Properties: Auctions do prevent buyers from seeing the inside of a
property prior to sale.
Since you will not have seen the property without the homeowner’s
consent you may not be aware of the condition of the property.
However, if you get in a bidding war and overpay you may take
ownership with negative equity before you ever unlock the front door.
That’s why it’s important to do your homework and scout out potential
properties before you attend an auction.
Make A List And Bid On A Home: After you identify a few properties
that you are interested in, it’s time to attend a real estate auction.
Establish your maximum bid before attending to help prevent yourself
from accidentally overpaying.
Then, attend the auction and place a bid on the property you want. Be
sure to research the county’s payment requirements (whether cash
or check) so you are prepared if your bid is accepted.
If you are the winning bidder, you will then take ownership interest in
the property and the lien.
Notify The Homeowners: Follow the laws in your area after obtaining
the tax lien. In some cases this may require notifying the homeowners
by sending a certified letter to the property.
The letter should inform them that you have purchased the lien and
state how much they owe in back taxes on the property.
Due to the overall lien process, the letter will likely not come as a
surprise to the homeowners. Collect Your Money (Or Property):
Once all parties understand the lien agreement, your only job as an
investor is to collect interest as the homeowners make back
payments. The time period can vary, but on average it is 120 days.
If the homeowner does not come up with the money, the auction
winner becomes the lien holder and ultimately the homeowner.
Depending on any other liens on the property title, you may need a
good amount of capital to pay everything off. Always be prepared for
this possibility when tax lien investing.
KNOWLEDGE FINANCIAL GROUP
Learn About Tax Liens And Real Estate
Auctions:
There are two ways to profit from tax lien investing: through interest
payments or taking ownership of the property.
The entire process should be handled with care, and under the
guidance of a real estate attorney. Actually purchasing a tax lien is
typically done at a real estate auction.
Take time to really understand the real estate auction process before
you attempt to bid on any tax liens. Decide On A Target Area:
Tax liens are assigned by county, so it will be helpful to narrow down
your target area before looking for investments.
This website offers a list of counties in the U.S. by state. Note that
areas with financial strain may be more willing to offer deals on tax
lien properties.
Check out public records to find the financial status of counties near
you and find which areas represent the most promise.
Properties: Auctions do prevent buyers from seeing the inside of a
property prior to sale.
Since you will not have seen the property without the homeowner’s
consent you may not be aware of the condition of the property.
However, if you get in a bidding war and overpay you may take
ownership with negative equity before you ever unlock the front door.
That’s why it’s important to do your homework and scout out potential
properties before you attend an auction.
Make A List And Bid On A Home: After you identify a few properties
that you are interested in, it’s time to attend a real estate auction.
Establish your maximum bid before attending to help prevent yourself
from accidentally overpaying.
Then, attend the auction and place a bid on the property you want. Be
sure to research the county’s payment requirements (whether cash
or check) so you are prepared if your bid is accepted.
If you are the winning bidder, you will then take ownership interest in
the property and the lien.
Notify The Homeowners: Follow the laws in your area after obtaining
the tax lien. In some cases this may require notifying the homeowners
by sending a certified letter to the property.
The letter should inform them that you have purchased the lien and
state how much they owe in back taxes on the property.
Due to the overall lien process, the letter will likely not come as a
surprise to the homeowners. Collect Your Money (Or Property):
Once all parties understand the lien agreement, your only job as an
investor is to collect interest as the homeowners make back
payments. The time period can vary, but on average it is 120 days.
If the homeowner does not come up with the money, the auction
winner becomes the lien holder and ultimately the homeowner.
Depending on any other liens on the property title, you may need a
good amount of capital to pay everything off. Always be prepared for
this possibility when tax lien investing.
KNOWLEDGE FINANCIAL GROUP
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| ''How Can You Safely Earn 10% to 36% Per Year On Your Investments'? ''Tax Lien Certificates, Tax Deed, Tax Resale Property, Real Investment Methods.' ''Learn About Tax Deeds?The Tax Deed resources on this website will put you years ahead of the competition every time. '' ''Tax Liens - Tax Sale - Tax Resale Properties. = A Fantastic Way To Create A Business Without Overhead. A Better Way To Build Wealth. An Excellent Way To Secure Your Retirement. ''' '' How to Investing in Government Issued Tax Lien Certificates'' '.. |