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Tax Lien Certificates and Tax Deeds
A tax lien is something that can seem like a legal and logistical minefield for an investor. In fact, even some of the most savvy and experienced investors will steer clear of this strategy just to avoid the complications.
The good news is that it's really not that daunting ... you just need to know how, when and where to jump on the right opportunities. And we're going to help you get started right now in this edition of, "Investment Exchange."
This real estate investing approach can be a very lucrative way to obtain properties at a fraction of their worth. In fact, investors can often make up to a 35 percent return on their investments if the interest rates are solid ... guaranteed.
Here's more good news: Foreclosure.com features MORE tax lien delinquency notices on its Web site than any other category of distressed property — the list is more than 605,000 homes long ... a virtually untapped market!
This specific newsletter is all about demystifying tax lien certificates and deeds so that you can tap into this money-maker armed with knowledge and confidence.
So, what is a tax lien certificate/deed exactly?
It's simple: when a property owner owes a creditor (usually the government) taxes and doesn't pay, that creditor demands to be paid in full at the time of the sale of that person's property. Eventually, over time, the property will either be seized by the government and then sold or the tax liens on it will be offered for sale to investors, who also buy the right to foreclose on the property at a later date.
Either way, expect the right deal to seriously enhance your cash flow.
What's great about investing in tax lien certificate or finding homes at a deeds is that usually the creditor only cares about one thing: getting their taxes. That means that the actual value of the homes that are being sold is a secondary consideration to the creditor so the prices you find are often well below market value.
If you've been avoiding tax lien investment, now is the time to get educated. This newsletter is loaded with information and resources to help you hit the ground running. It could be just the investment opportunity that's been waiting for you!
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FREE LESSONS RIGHT HERE, RIGHT NOW
By now, you're hopefully starting to get more comfortable with the idea of investing in tax defaulted properties. However, there's probably still a lot you'd like to know before diving in.
One useful tip straight from the gurus at Foreclosure.com is to get your feet wet by simply attending a few tax certificate sales yourself. Go with no money and no intention to buy — just sit back and watch how the sales unfold.
This way you'll get familiar with the bidding process, the atmosphere and the regulars. Don't be afraid to ask the more experienced buyers you meet questions — just make sure you take their answers with a grain of salt because some will correctly identify you as their future competitor!
You should be aware that laws regulating tax lien procedures vary from state to state. It's in your best interest, therefore, to get in touch with an experienced real estate attorney. Also, feel free to contact us at Foreclosure.com. We'll be happy to help you figure out the laws that apply to you.
One of the best ways to prepare for a tax lien sale or deeds is to download our easy-to-follow guide entitled, "Buying Tax Sale Certificates and Deeds." It covers the essential insider information step-by-step, helping you navigate your first purchase with ease.
Best of all, it's absolutely FREE! To download "Buying Tax Sale Certificates and Deeds" right now by click here.
"Buying Tax Sale Certificates and Deeds" is among a growing collection of valuable e-Documents available at no cost to you on Foreclosure.com. Every e-Document we create is specifically designed to help you through the trickier parts of real estate investment so you can avoid some common pitfalls and invest like a pro.
Check out some of our other e-Documents by clicking here.
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Exclusive September
newsletter sponsor
Than Merrill
star of A&E's smash-hit
"Flip This House" series
Read more
Than Merrill, the star of A&E's smash-hit "Flip This House" series, founder of CT Homes, LLC and FortuneBuilders Inc. is one of the most successful real estate investors in the nation.
And guess what?
Foreclosure.com and Than are going to team up to deliver a special 90-minute FREE Webinar presentation Wednesday, September 24 at 9 p.m. ET!
That's right, the "King of Marketing" — who is also an Ivy League college graduate and former NFL player — and Foreclosure.com — the best place in the nation to discover unbelievable real estate deals — are offering you an opportunity to learn how to "Make $20,000 While You Sleep" at absolutely no cost.
It's a once-in-a-lifetime opportunity to learn from two of the best in the business. And all you have to do to take advantage of this no-strings-attached offer is to register. CLICK HERE.
Here are just some of the topics that Than will cover:
- How to find deals 30 to 50 percent below market value consistently
- How you can outsource many of your marketing needs so you can focus on buying properties
- How to build your buyers list and automate the sales process so you don't have to worry about getting properties sold in today's market
- How to jumpstart your real estate investing career and pick up a check for $20,000 in the next 30 days
- How to get your properties SOLD in today's market for TOP DOLLAR fast!
- Online business management tools you can use to automate every area of your business
So what are you waiting for? Join us LIVE for the "Make $20,000 While You Sleep" LIVE Webinar educational session on Wednesday, September 24 at 9 p.m. ET. CLICK HERE.
Than is going to show you play-by-play how to work the system and rake in cold hard cash virtually overnight ... for FREE!
Remember to act fast because seats are limited and are filling up fast!
For more background on Than Merrill, as well as the upcoming "Make $20,000 While You Sleep" real estate investment course, click here.
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Web site search tips
FIND TAX LIENS
IN A FLASH!
It comes as no surprise that Foreclosure.com is still your number one source for distressed property listings on the Internet.
Up until this newsletter, however, you may not have known that there are more than 605,000 tax lien delinquency notices on our site — and that number grows daily. That's even more than the hundreds of thousands of listings we have for foreclosures, preforeclosures and bankruptcies.
Fortunately, searching through this staggering number of tax liens couldn't be easier. Here are your three steps to finding the right tax liens for you:
- On the Foreclosure.com homepage, click on the state in which you wish to search.
- Click on the county or area that appeals to you (You'll notice that as your mouse passes over an area, you'll get on-the-spot information on the left side of your screen about that specific area's tax liens, foreclosures and more).
- Click on the "Tax Liens" tab near the top of your screen.
That's it! You're just three clicks away from checking out all the tax liens near you. And remember that Foreclosure.com is free to search so don't be shy — you've got nothing but real estate riches to gain!
If you're searching for free and want to see more detailed information about a tax lien or any other listing, simply click on "Free Trial" — it's found at the top right of every page on Foreclosure.com. You'll get instant, 100 percent FREE access to everything Foreclosure.com has to offer.
There's no commitment and no risk!
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Hot off the press
HELP FOR THE
HOUSING CRISIS
The government recently passed the Foreclosure Prevention Act. After much debate and several threats of veto, the bill is here to save low- and middle-income families from losing their homes.
The legislation offers additional tax credits for low- and middle-income households, increased funding for preforeclosure counseling and expanded opportunities for refinancing mortgages. This includes $200 million for counselors in foreclosure risk outreach and access for creditors to a $10 billion tax-exempt fund to help borrowers renegotiate their mortgages.
In addition, the Act also includes an amendment to the Bankruptcy Code that allows judges to modify the amount owed on a mortgage. Prior to this amendment, judges were prohibited from making any changes to a mortgage, but the Act now allows them to make appropriate changes in specific cases. To be eligible, homeowners must have a subprime or non-traditional mortgage and pass a test that proves their means are insufficient to cover their mortgages.
Provisions are also made in the Act for the communities and businesses that have been affected by the housing crisis. The United States government is hopeful that an injection of money into these areas will help communities and business get back on their feet, which will likely increase the property values in areas that had been all but abandoned.
There is some debate as to the effectiveness of this Act, but many feel that although it will not solve all problems caused by subprime lending, it should give the housing market and the economy the boost it needs to turn things around.
For the latest and greatest in real estate news check out Foreclosure.com's blog. It's full of interesting and entertaining posts that will keep you updated on the current events that affect your real estate investment plans.
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Our success stories
WEBINARS ATTRACT
THE BEST
The dynamic and comprehensive Foreclosure.com Webinar library grows all the time because of real estate wizards like Howard Liggett.
Howard and many others welcome the opportunity to speak to distressed real estate investors via our Webinars because of the outstanding reputation and proven track record of Foreclosure.com.
It's an ideal way for real estate experts and curious investors to connect.
If you've haven't heard Howard's Webinar, "Cha Ching! How to Buy Tax Sale Properties," you can listen to it right here. It's chock-full of valuable investing nuggets that will get you started investing in tax liens and deeds. If you've been wondering whether this strategy is right for you, Howard's Webinar will let you know.
Howard's success in distressed property real estate — specifically with tax liens and deeds — makes him the perfect candidate to introduce you to this type of investment. Howard is the CEO of Florida's Distressed Real Estate Consulting Services, Inc. and the Executive Director of the National Tax Lien Association.
His nearly 30 years in the business have seen him achieve sales of more than $300 million in tax lien certificate! Howard's success is the result of hard work, dedication and an incomparable knowledge of real estate tax issues.
His Webinar is infused with priceless information that is a direct result of his achievements in the industry. Expect to learn:
- How to purchase real estate for pennies on the dollar
- All about the US tax lien marketplace
- The risks and rewards of investing in tax liens and deeds
- How to reduce your risk in an investment situation
- About the quality of tax liens and deeds as investments
... plus much more!
You'll also benefit from hearing the questions and comments of investors like you who were able to catch the live presentation of Howard's Webinar. Get your most common questions answered and get ready to earn a lot of cash! This truly is a "can't-miss" opportunity to dramatically enhance your investment portfolio.
"Cha Ching! How to Buy Tax Sale Properties" by Howard Liggett is just one of the many On Demand Webinars that Foreclosure.com hosts for the benefit of our visitors and members.
Check out our complete list of On Demand Webinars to see what else you can learn today!
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Real estate tips
GET THE ESSENTIALS
As we've said, tax liens and deeds can be a lucrative part of your investment strategy. If you're brand new to this type of investment, here are the three things you absolutely need to know:
- Tax lien certificates and tax deed investing are not the same
A property with overdue taxes may be sold by the creditor to recover the taxes due. This is called a "deeds." You can often obtain these properties for well below their market values.
In some states, tax liens may be made available for investors to purchase. What you buy is called a "tax lien certificate" and its purchase also includes the right to begin foreclosure proceedings on the property after a certain amount of time has elapsed.
Like deeds, it's likely you'll get these properties for very little money.
- You need to know the law
Every county within every state of the United States has its own set of laws that govern tax liens and deeds. Wherever you're searching, make sure to learn the ins and outs of the law so that you don't get caught up in something for which you weren't prepared.
Foreclosure.com can help you figure out which laws apply where.
You should also be aware that in virtually all states, the owner of the property (the one who neglected to pay his or her taxes) has a period of time — as much as a few years — to buy back his or her tax lien. This means that the whole transaction could be reversed, so it's in your best interest to learn the signs of a good (and bad!) prospect.
The good news is that you will never lose money if this happens.
Also, know that some states don't actually offer tax lien certificate. Instead, they host deeds direct from the county where the distressed property is located.
- Get the inside track on auctions
As we mentioned before, it's a good idea to attend a few auctions so you can get an idea of how they typically proceed. You're going to have to do a bit of research to find the auctions in your area.
The best way to find great auctions is to call the local tax collector's office early and often. Auctions can be hosted at a county courthouse or even online. Finding the right auctions is half the battle, so do your homework and always keep your ear to the ground for that gem of a property that is slated for auction.
In today's market, these auctions are plentiful. Taking the time to find these auctions is the first step to finding that investment property of your dreams.
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Brand New Section!
Linda's
Learning Lane
Hello! I want to personally introduce a new and exciting section to our "Investment Exchange" newsletter titled, "Linda's Learning Lane." This section will be dedicated to thoughts and snips from the desk of Linda Yates, Foreclosure.com Director of Education.
That's me!
One of the things that impress me most about tax lien certificate or deeds is that they are relatively low risk for the investor. By that I mean you will at least get back whatever you invest and the potential can be a large upside.
However, it may take awhile to see your return come to fruition.
In the Real Estate Tips section of "Investment Exchange" we remind you to "to know the law." This is critical in every step of investing and worth repeating — through repetition comes recognition. Accordingly, the return rate for tax liens or deeds often depends on which state you are investing in.
Howard Liggett does a great job of teaching investors how to navigate through the process of this investment tool. I am also excited to have coming up in the next few weeks, Joanne Musa, who will give us some insight in to investing in tax liens.
Therefore, be sure to check our Web site often so that you don't miss out on the incredible learning opportunity that Joanne will provide!
In closing, I just want to say that now is the time to invest, folks. That old adage "buy low, sell high" has never been truer than it is right now in this economy.
Thank you all for spending time on our site and thank you for trusting us with your educational needs.
Have a great month!
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