Purchasing Tax Lien Certificates | Finance information

It is never a pleasant experience when a property owner loose the ability to pay their annual property taxes. However, when a property owner becomes a delinquent taxpayer does, it is up to the municipal government to collect property taxes owed. As such, the Local Government Initiates a tax sale where a tax lien certificate, Representing your unpaid taxes, can be auctioned off to the highest (or lowest) bidder

Tax lien auctions work like this:. A jurisdictional court orders a tax lien auction to sell tax lien certificates Representing all the unpaid property taxes in the county. Depending upon the state, and the nature of the tax sale (it can be an auction for Tax Deed Sales Tax Lien Certificates or), you can buy a tax lien sale auctions held at these tax once a year by the taxing authority. Depending upon your operating jurisdiction, there may be several types of auction bidding. Sometimes, not all of Tax Liens are sold at the auction. This could be because of either a lack of bidding or because there were no acceptable bids. In this type of scenario, the Tax Lien can be purchased over the counter at a later date. Not

An investor is required to attend the auction to make a purchase. A tax lien can be bought over the web and by mail. However, it is highly recommended that tax liens be bought in person over the counter to eliminate any confusion or error.

Buying tax liens

secret is a very well hidden real estate investing. Many Americans are still not aware of the profit potential of seeking investment. Depending on the state where you buy the tax lien you can more often than not earn 18% to 50% or more per year. And if the delinquent taxpayer does not fall through the repayment, you still have the court backing the foreclosure of the property. Therefore, buying a tax lien Allows you to have either the higher yield from repayment of tax or the actual title to property at a substantial discount.

However, before you jump into this lucrative industry, it is advised that you do all the required due diligence. Contact your local tax assessor?s office to find out when the next tax sale is scheduled. id=?article-resource?> Yusoff Allian is a Tax Lien Investing Expert and Consultant who works with investors who want to learn how to profit by purchasing tax lien certificates and tax deeds. He is the president of Alliax Holdings, LLC, a real estate & investment holding company. He is the author of the e-book: Tax Sale Wealth ? The Essential Beginner?s Guide To Profitable Tax Lien & Tax Deed Investments, available at http://www.taxsalewealth.com/sales.php

Source: http://www.lovefinanceinfo.com/2012/08/purchasing-tax-lien-certificates/?utm_source=rss&utm_medium=rss&utm_campaign=purchasing-tax-lien-certificates

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