Understaning Bidding Methods When Buying Tax Lien Certificates

Tax lien sales have many different variations. The statutes vary by state. In many areas, the rules will also vary at the county level.

One of the most important things that you need to remember when buying tax lien certificates at a tax auction is understanding the method by which the county determines who is going to buy the tax lien certificate. In some areas, this is determined by the investor bidding down the interest rate for the lien. In many other areas the county will sell the liens on a percentage of ownership basis. In other jurisdictions, the county uses a round robin procedure to determine the winner of the auction. In this article, I will explain the differences between the methods and the advantages and disadvantages of each method.

The most common type of auction is the bid down auction. The auctioneer simply starts the bidding at the top rate for that jurisdiction and then the rate is bid down until the lien is sold. In certain areas, investors can make up for a low rate by paying subsequent taxes and through minimum rate guarantee statutes.

The advantage of the bid down method is you can easily bid on the exact lien that meets your needs. You also don't have any possible co-ownership scenarios that can make it difficult to file foreclosure and take full possession of the property.

In other states, it is on a percentage of ownership basis. What this means is that the interest rate remains flat, but in the event of foreclosure, the investor and the property owner become co-owners of the property. The initial bid is with the investor at 100% and it goes down until the lien is sold.

This method is great for high interest rates. Iowa uses this method, which means that you are guaranteed a very nice 24% rate. The problem with this is that if you end up as a co-owner with the taxpayer, you may have an expensive legal hassle on your hands to actually take possession of the property.

In other states, the bidding is on a round robin basis. In these areas, the auctioneer offers the lien around the room until someone buys it. They are always at the maximum rate allowed by statute.

In round robin states, you get a nice guaranteed rate of return on your tax lien certificate, and don't have to mess with the co-ownership issue. However, in round robin states, it is much more difficult to actually get the liens that meet your needs. If you decline during your turn, then you have to wait for luck of the draw to see if you get the lien that you want. If you are a big money investor, then it's not that big of a deal because you can buy a lot of different liens. But as a smaller investor who can only afford a couple of the liens on the book, this restriction can be very limiting.

As you can tell, the bidding procedure is something that is very important in the tax lien research process. With proper planning, you can wade through the minefield and reap great rewards!

So, as you can see, subsequent taxes are an area of tax lien investing where you need to know the rules and learn to play the game. If you do it properly, then you can make some huge profits!
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Carlos Scarpero is an experienced real estate investor who specializes in tax liens and deeds. Visit his tax lien and deed blog at [http://www.scarpero.com/real_estate].

10 Most Common Tax Lien Questions Answered

Here are the answers of the 10 frequently asked questions about tax liens:

1. Who are able to buy tax lien certificates?

Anyone who is interested and who has the cash to pay the auctioneer can purchase tax liens.

2. When I buy a tax lien certificate, am I evicting someone from his or her house?

No, you're not. You are only paying off the property owner's delinquent taxes; you are not foreclosing on them.

3. Will I get to own the property in the future?

It is possible, though it is scarce that the owner of the property will forfeit their real estate. In Arizona, for example, 99% of all the property owners pay off their taxes owed to the county. The county then in turn pays you the interest plus a specific high rate of return. The property owner redeems 95% all over the country, tax lien certificates sold.

4. Why won't people pay their property taxes?

There can be a lot of reasons, 3 of the most common ones are: 1 - the property owner died and no one paid his taxes though the heir can pay the tax later. 2 - the property owner run out of cash or just become unemployed. 3 - There are just people who would not want to part their money until the very last minute.

5. What would happen if the property owner dies?

In this case, the county will begin to forward tax notices to the last known address. The county will then advertise the tax sale. Usually, family members or the heirs pay the owner's taxes.

6. How many tax lien certificates can I buy?

There is actually no limit on how many tax liens you want to have. You can bid and buy as many as you think your money will allow.

7. To whom do I pay?

You will be paying to a government agency, as there will be no brokers or intermediaries to pay.

8. Who will be paying me my returns?

The owner of the property will be paying you when they pay off their owed taxes. The county, municipality, or the government agency that collected cash from you will contact you and will ask to have the tax lien certificate returned. They will then send you a government cheque upon receipt.

9. Do I need to contact the homeowners?

You do not need to contact them; you do business with the government agency.

10. When do I get paid?

The municipality or the county will notify you once the owner of the property pays up his owed taxes.

If your friends or family has questions regarding tax liens, you now know what to answer.

So, as you can see, subsequent taxes are an area of tax lien investing where you need to know the rules and learn to play the game. If you do it properly, then you can make some huge profits!
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com

Tax Lien Due Diligence: How to Research US County Tax Lien Auctions

                                                     
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

Insightful Readings on Federal Tax Lien

A federal tax lien is a useful legal tool by the US government that secures the claim to title, interest, and right of taxpayer assets because of non-payment of taxes. The lien is recorded at the secretary of state or county clerk's office which makes it a public document. The recording depends on the local laws of each state, so one must take note of this. The lien is made public so that it can serve as a notice on all creditors on the government's claim on the assets.

Federal tax lien is not a good item on the debtor's credit bureau report. Generally, it becomes the topmost claim against the debtor's assets. Also, it may displace the position of several firms on bank revolving credit lines and lending on accounts receivable. Though, there are other claims that may be able to surpass it such as a landlord lien or mechanic's lien. This is the reason why further research is compulsory.

A lien is the basis for the authority of the IRS to foreclose on the property of the delinquent taxpayer via seizure. This course of action should not be confused with an IRS levy because they are different to each other. Basically, the IRS can do the levy on the bank account of the taxpayer, or his wages without it. They only need a valid assessment and several legal notices served though certified mail. In some cases however, the IRS has already filed the federal tax lien first before levy.

A federal tax lien is possible to avoid by entering into an agreement for installment payment with the IRS. This can be done in most cases if it is not yet filed. However, once filed, it would not be released until the tax debt is paid by the debtor. There are also instances wherein it can be discharged, if the IRS approves and acquires proper financial consideration from a specific property. In normal situations though, the lien can be released if the debt is paid in full, IRS agrees to an offer in comprise, or the statute of limitation expires.

A debtor is always welcome to file for an appeal against the lien but must possess a good case if ever he wants to succeed. Also, if he is able to show proof that it can hinder the chances of the government getting the money, there might be a good chance of removing the lien.

So, as you can see, subsequent taxes are an area of tax lien investing where you need to know the rules and learn to play the game. If you do it properly, then you can make some huge profits!
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com

Quintessential Factors to Consider With Tax Liens for Sale

Business has always been about taking a risk. That's what many successful business owners keep on reminding the society. A capital is required to start a business and this alone can be burdensome to many aspiring entrepreneurs. Although risky, there are strategies available to lessen the risk that comes with it.

Specifying on a real estate business, a number of factors have to be considered. Otherwise, those risks would increase and you will suffer big in the end. Even successful business owners who have invested on tax liens have to be strategic and smart if they want to maintain the wealth they have acquired from their businesses.

Hence, before you attempt to participate in an auction or simply buy those important documents, you might want to ask yourself these questions, such are:

What is the reason behind this?

Why do you want to get involved with tax liens for sale? What's your ultimate purpose for starting this business? Is it just because of a simple hobby? Or perhaps you want to find a way to attain the freedom of time and money, not just for you but for your family as well?

Not all tax lien investors focus on this kind of business. There are those who still have other jobs whilst finding a way to invest on a tax lien from a valuable property. You might want to do this approach as well especially if you're still starting to invest on a property.

The bottom line of knowing your purpose is to help you determine the right strategies that you need to succeed.

Do you know the exact location of the property?

Although many investors say that tax deeds are more important than tax liens, it doesn't mean that you can take tax lien investments for granted. It's extremely important to still know where that property is located.

Nowadays, investing on multiple tax liens is very common. Nevertheless, this is not recommended for beginners. If you are unsure if your investment will succeed, then invest on one lien first.

Locate the property, assess it, plan, implement actions and evaluate the outcome. If you're satisfied with the results, that's the only time you can start thinking about investing on other tax lien certificates.

Are you fully aware of the process when buying tax lien certificates?

This is another important question you need to ask yourself. Unfortunately, many investors take this question lightly and become impetuous with their purchase. In the long run, they lose everything.

Here is a simple admonition when pertaining to real estate investments -- each county has its own system, rules and regulation when purchasing tax lien certificates. Therefore, it is the responsibility of the investor to be acquainted with the system of the county to where he wants to buy a lien certificate.

There are many more questions you need to know if you're determined to pursue this business. Know the details of the property. Most importantly, you need to make sure that your investments are properly secured.

Critical thinking is a requisite when it comes to this business. It's amazing to know though that there are successful investors who have created websites to offer assistance on how to make money buying tax liens. For starters, enrolling in a training course that provides this type of coaching is an excellent idea.

So, as you can see, subsequent taxes are an area of tax lien investing where you need to know the rules and learn to play the game. If you do it properly, then you can make some huge profits!
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

If you have made up your mind, all you have to do is get free information on how to buy tax lien properties from no less than the real estate authority himself, Ted Thomas. His website offers valuable resources that teach people proven strategies of the safest most lucrative investment in t

Florida Tax Liens

                                                      
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

Tax Lien Certificates and Subsequent Tax Procedures

Tax lien auctions have gotten more and more competitive in recent years. Some factors that have led to this trend include: more awareness among small investors because of new courses on the market, more Wall Street money entering the market and the new trend of internet tax sales.

If you have been to the tax lien sale lately you may have noticed something interesting. The big dog investors are bidding the properties down to next to nothing. In Florida, it's very common to see properties bid down to one quarter of one percent. Has your banker gone insane? Or do they know something that you don't?

It's probably a little of both, or they are probably playing the sub tax game. What's the sub tax game? It's very simple, really. In many states, the regulations allow tax lien investors to pay the taxes for the following years, also called subsequent taxes. In other states, the investor is actually even required to pay the sub taxes. Even more interesting, many states also have minimum penalty statues on the books that make investing there very attractive.

For example, in Florida, it is very common for the tax liens to be bid down all the way to one quarter of one percent. However, Florida also has a 5% penalty clause and an 18% normal interest rate. So, in Florida, the investor will often buy the lien at the quarter percent bid. If the lien redeems in three months, then he has made a 20% return. Worst case, the lien does not get paid for the whole year and the investor still makes 5%, which is a lot better than bank cd's.

Then, the investor has the sub tax rule to make up the difference. He simply pays the following year's taxes and is at the full 18% for the sub lien without any competition. Not only that, he is secured by high quality real estate. The two liens together will average well over 10%. So, the investor either gets a nice high rate of return, or he gets a nice Florida house.

Of course, that's assuming that a hurricane doesn't blow the house down. Heck, he is even covered there, because the tax lien investor gets first dibs on the insurance money, ahead of the homeowner and even the mortgage company. What a deal!

So, as you can see, subsequent taxes are an area of tax lien investing where you need to know the rules and learn to play the game. If you do it properly, then you can make some huge profits!
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Carlos Scarpero is an experienced real estate investor who specializes in tax liens and deeds. Visit his tax lien and deed blog at [http://www.scarpero.com/real_estate].

Federal Tax Lien: What You Should Know Before It's Too Late

If you are facing a Federal tax lien, or have received notice from the IRS it is not too late to take action. A Federal tax lien is a way that the Internal Revenue Service (IRS) uses to collect past due tax debts. A tax lien basically limits the rights the tax payer has on his or her property. When you are late on back taxes such as income, property, or other taxes a lien can arise. In this article we are going to cover your options if you have received notice of a federal tax lien.

More than likely you have receive a notice of Federal tax lien and are wondering what to do next. The first thing you should do is review the notice and verify the information received in the notice. At this point don't call the IRS until you have your information together and understand what taxes the IRS says that you owe.

If you are in disagreement with the amount owed or the taxes that are in question you should absolutely call the IRS and get further clarification. Make it known at this point that you are interested in working with them to resolve this matter amicably.

If you do in fact owe the back taxes you might be well served to find a reputable IRS tax lawyer. Prior to contacting them, make sure you have the notice of federal tax lien in front of you and any tax records that are relevant to your case. Many of these firms specialize in negotiating with the IRS on your behalf for pennies on the dollar. They can also assist you in arranging a payment agreement. This option is a great option as these organizations are very skilled in working with the IRS. Most of them have employees that have worked inside the IRS and understand the best way to proceed in protecting your real estate and personal property. The good news is that your lien will be removed once the debt is paid in full.

The key is to act quickly. Many people get a notice of a Federal tax lien and put their head in the sand. This is the worst thing you can do. Make it known that you want to resolve this matter and tell them that you are intent on paying the debt back. If you are not confident that you can resolve on your own, hire a professional. You won't be sorry.

If you act quick enough you can avoid a bad mark on your credit history. A Federal tax lien is one of the worst things to have on your credit. Creditors will often look at this and either not extend credit or they will give you the absolute highest rate possible.

The bottom line is that it isn't as bad as it seems if you start dealing with it now. The longer you wait the worse it will get for your credit and your stress levels.
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Matt D Murren owns and operates [http://www.federal-tax-lien-advisor.com] Federal Tax Lien [http://www.federal-tax-lien-advisor.com]

How Tax Liens Work

                                                     
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

FAQs When You Purchase Tax Lien Certificates

Tax lien auctions and tax liens on sale - these concepts may be complex to someone who does not know anything about real estate nor has no background in finance, management or economics. On the flipside, you will realize that countless business owners of today have diverted their focus to real estate knowing that investing on properties can reap huge income.

So, what is behind tax lien certificates that many entrepreneurs are interested in? Before proceeding, here are some frequently answered questions from investors, such are:

What is a tax lien?

Before we delve further, as a type of debt awarded due to the property owner's failure to pay taxes. If this failure continues, certificate is produced and this legal document either will be for sale or placed in an auction where investors will bid on.

When an investor buys a tax lien certificate, he pays taxes to the local government. This will be beneficial to the county as this can lead to the enhancement of various establishments like schools, hospitals, police stations and many more.

Upon paying the taxes, the investor can earn as much as 36% interest rate when done properly. Interest rates and penalty fees are paid by the property owner and a redemption period will be given to pay all the fees. Once the redemption period has lapsed and the owner still fails to pay the required amount, a foreclosure on the property will take place and the investor is now the new property owner.

Who can buy tax lien certificates?

Anyone who has the budget can purchase certificates. Of course, each county has its own system when it comes to these aspects. For instance, if you're residing in the same location of the county, it's mandatory for you to pay the property taxes in full before you'll be allowed to bid on other estates.

Is there a high possibility to have full ownership of the property?

While it is possible to be the new property owner, surveys revealed that the rate of foreclosures taking place is less than 5%. Therefore, foreclosing on certificates rarely happens.

When can you get your money back after purchasing a tax lien certificate?

Your money will be sent back to you once the delinquent taxpayer is able to pay back the taxes. This is most likely unpredictable though. Some will only take a month while others will take two to three years.

What if you want to have your own property?

If what you're after is to fully own a property, you should opt for tax deed sales. As mentioned above, you can only own a property if you foreclose a tax lien certificate and that seldom occurs.

Is it possible to transfer your tax lien certificate to another person?

Fortunately, most states allow the transfer of a lien certificate to someone else. This process is known as assignment. You may need to pay an additional fee though.

What are the most effective strategies when buying and investing on tax lien certificates and acquiring huge return of investments?

For starters, it's best to attend a training course that teaches the right ways on how to make money buying tax liens. This kind of business requires careful planning and critical thinking and it is always best to ask for assistance from someone who has already succeeded.
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

If you have made up your mind, all you have to do is get free information on how to buy tax lien properties from no less than the real estate authority himself, Ted Thomas. His website offers valuable resources that teach people proven strategies of the safest most lucrative investment in the US.

The Difference Between Tax Liens and Tax Deeds

There are numerous investors out there that do not have any idea on the actual distinction between tax liens and tax deeds. Indeed, tax liens and tax deeds are a wonderful investment and many investors notice that it's one of the easiest ways to get a property at a huge discount. But, some are still confused between liens and deeds. The question is, which one of these is the wisest way to acquire a property? Is it tax lien? Or is it tax deed? Let's try to find out.
Let me present to you several facts. A Tax deed is a specific form of deed resulting from non-payment of taxes. It directly transfers ownership to a property. Government agencies conducts tax deed sale in a compelled way. Governed by law, these properties are pulled out due to non-payment. This is a proven technique used by government firms to accumulate delinquent taxes owed from real estate. But, taxpayers are granted an allotted time period to pay his/her obligations. Warnings and notices are given before the particular county offers the property to investors. When it reaches the tax sale or the auction, and when someone buys the tax deed, the taxpayer not only owes the price of the deed but it also comes with fines, interest and penalties. Some counties give a predetermined amount of time for the taxpayer to redeem the property. If not redeemed in that given time, the investor becomes the owner of the property.
On the other hand, let's talk about tax lien. Tax liens are created to ensure the security of payments for taxes imposed in a certain property. The taxes are collected annually which are called liens, if the owner of the property cannot pay the amount due, the tax liens are sold to investors through an auction. The investors will pay, and the owner of the property will pay the investor with the amount paid during the auction together with interests and penalties. If these are not paid based upon the redemption policy period of the state, the property goes to the investor.
To simplify, tax liens is when you pay the tax amount delinquent by the owner, so you are not buying the property itself. You will eventually earn through a period of time due to the penalties imposed and by having a chance of being the legal owner of the property. With tax deeds, an investor is buying the property on a tax deed sale. One purchases the deed, and the property becomes yours.
Nowadays, the law provides secured interest rates to tax liens. If you want to regularly earn interest on your investment, then invest in tax liens. The Government guarantees that you will gain your returns on your investment. With a Tax deed, you to end up with the property. The initial investment is usually more, but redemption is less likely to happen.
If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Owner of Deluca Property Solutions, a real estate investment company who buys and sells property. Specialized in creative real estate and offer alternative solutions if you are looking to sell property and for investors who are looking to buy property. Have been in the industry for a long time. Also an expert in tax lien and tax deed investment. If you want to know more about the company he is handling, you may visit http://delucapropertysolutions.com/

Top 5 Mistakes Tax Sale Investors Make In Tax Sales investment Deals

                                                     
 Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

Tax Lien Investing Facts

Why is tax lien investing widely considered by many people as a good property investment? Also, why are there misconceptions about it? Would you like to know more? Then, continue reading below.

The states, municipalities, and counties depend on property taxes in order to have the needed budget to spend on public services. These services include the maintenance of public roads, schools, hospitals, police department, fire department, and many more. Counties are going to sell the lien of an unpaid property to an investor in order to regain lost taxes. To put into simple words, the investor is going to purchase the back taxes of a delinquent property. This type of investment is attractive to investors because they are assured of getting good interest rates on their money. Plus the investor is sure to be paid because tax liens come before any other liens. Investors are guaranteed of earning profits with this in mind.

There are states in the US wherein they sell properties at tax deed sales instead of selling liens. Investors are actually purchasing the properties right away. Furthermore, properties are being sold for its back taxes and penalties. Then, there are others that sell properties for its assessed market value. This is good news to investors who wants to buy properties at under market value, thus making tax deed a very good investment to make.

One of the common misconceptions about tax lien investing is that some investors expect that the interest is going to be paid immediately by the county. Well, the truth is that investors would only be paid once the delinquent homeowners redeem the lien on their properties. However, investors can foreclose properties and get paid on their lien if the homeowners still do not pay during the redemption period.

There is another misconception on tax liens. Some investors think that they are going to get the property's deed after the redemption period is over. This is not the case because investors would need the services of a lawyer in order to foreclose a property and get its deed. Majority of US states require this. Others however, conduct a tax deed sale and auction off the properties to the highest bidder.

It cannot be avoided that tax lien investing is sometimes misunderstood. Some people believe that they can right away make money with this type of investment, but the truth is that lots of patience is needed in order to achieve such things. Also, purchasing properties for very low prices does not happen always, which is true for states where the real estate values are high. Furthermore, some tax lien properties are certain to be redeemed by their respective owners. Still, investing in tax liens is one of the sure ways to get guaranteed profits through interest.
 Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

About the Author

Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com

Top States to Buy Tax Lien Certificates/Tax Deeds

Do you want to know how to invest in tax lien certificates and tax deeds? Before anything, what you need to ask is, Is this alternative investment really profitable? Well, you will breathe a sigh of relief when you hear what real estate experts say. It is profitable in that, you get either the property or the money from interests. Either way, you don't lose a single cent.

Any real estate guru would tell you of the need to be prepared before shelling out any capital resource. Foremost, attending tax trainings is necessary. If you follow the step-by-step guide in investing, by and large, you can acquire a property for pennies on the dollar.

Next question, Where is the best place to invest? As you know, there are 3,000 counties and over 1,400 municipalities in the US classified as tax entities, sometimes called districts. All 50 states have tax sale.

Now, is it possible to invest in any state where you find it most convenient? The answer is both yes and no. Your place of residence is not a prevailing factor; county governments in all 50 states are authorized to hold auctions to collect back taxes.

However, remember that only about half of all the states are tax lien states and the rest are tax deed states. Again, before investing, you need to decide either to invest in tax lien certificates or tax deed sale.

Consequently, you need to conduct a research on which states are best when it comes to buying tax lien certificates both online and offline. However, research shows that the top four (4) states favored for tax lien investing are Texas, Illinois, Iowa, and Georgia.

1. Texas is not tax lien state, but a redeemable deed state. Here, you not only get a fraction of the penalty but the full amount. To cite clearly, when the property owner redeems the deed in the first six (6) months, you get 25 percent on your money. Nonetheless, if he redeems during the first year, you have 50 percent on your money.

For the best part, you receive ownership of the property if the deed is not redeemed within 6 months. In Texas, the redemption period is only 6 months for non-homesteaded and non-agricultural properties.

2. The good about investing in Illinois is that, they have a 6-month penalty rate and redemption period of 3 years. While you get an annual maximum interest rate of 18 percent in other states, in Illinois, you get annualized interest rate of 36 percent.

The interest rate is bided down at the annual tax sale in most Illinois counties and so the tax lien is awarded to the lowest bidder. 'Leftover' items from the previous tax sale are sold differently. Instead of the interest rate bided down, the certificate is sold to the highest bidder for cash. You would be lucky if they sell it for less than the original amount of delinquent tax.

3. With an annual interest rate of 24 percent in Iowa, the percent ownership is not always bided down during the tax sale. Although such rate is considerably high, the property owner may not have as much incentive to redeem the lien since he will not entirely lose the property even without redeeming the lien.

4. Another redeemable state, Georgia treats redeemable deeds more like liens than deeds. Here, you are not considered the owner of the property until the redemption period is over and you foreclose the right to redeem. As such, you still do not have the right to the property. However, you do get a penalty of 20 percent, if the deed does redeem. Such is paid full on the amount bided during the tax sale.

Best part, price of the deed is bided up during the tax sale. With that, the property owner may find it hard to redeem. As an investor, you will have a high possibility of actually foreclosing the deed.

These mentioned states are noted to have high returns for tax liens or redeemable deeds. Except one county in Illinois, all others don't have online tax sales. You are lucky if you live in or near such states, otherwise, you'll be having a hard time getting your desired profit when you purchase tax lien certificates.

Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 
 

About the Author

Ted Thomas a Florida based educator, publisher and author who created an easy to understand training course for investors and professionals. His websites are composed of educational videos that will help participants learn how to invest on Tax Lien and Tax Deed in a span of six weeks. Visit his website and experience popular video tutorials that provide financial solutions in many forms.

Easy Tax Lien Investing Example

                                                    
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

Federal Tax Lien Explanation

Do you know what a federal tax lien is? It is the government's legal claim against a tax delinquent property because of failure to pay due taxes. When the federal government puts a lien on a property, they would seize it including the owner's personal and financial assets, home, and anything that has value.

You must know that a tax lien exists, after the Internal Revenue Service is going to decide how much you owe the government. Then, they would send out a notice for the lien as well as a demand for the payment of tax dues. If you refuse or neglect to pay the tax debt in the specified time, they would sell your property at a tax lien sale.

However, there are some ways to remove a lien from your property. The best way to do it is to pay your debt in full. If you would do this, the Internal Revenue Service is going to discharge your lien within thirty days. There are also other ways of reducing the impact of having a lien against your property. Do due diligence on this for you to find out the conditions, which are in the best interest for both the government and the taxpayer.

So how does a tax lien affect you? First of all your credit would be affected. When the Internal Revenue Service files a notice of tax lien against your property, your ability to acquire credit would be greatly jeopardized. Your assets would be the next in line to being in danger. Keep in mind that during the time of the lien, it attaches to all of your present and future assets. This includes vehicles, property, and many more. If you have a business, it would be affected too. Liens also attach to business property as well as accounts receivable. And even if are going to file for bankruptcy, your notice of federal tax lien and debt may continue after it.

As much as possible, avoid a federal tax lien by paying your taxes in the specified time. Do not ignore the notices or letters you get from the Internal Revenue Service office. There are also other payment options available that would help you solve your tax debt. This may be possible if in case you are having difficulty in paying the full amount. You can also ask assistance from a tax professional who knows how to handle these things.
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ       

About the Author

Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com

Cause and Effect of IRS and Federal Tax Lien

If you owe taxes to the government and do not pay it in the specified time, a claim against your property would be stated by law. This type of government claim is called tax lien. The lien attaches automatically to everything you own including car and business. It also covers any interest and penalties you have on the tax debt.

When you owe the government an amount of due taxes, the IRS sends you a demand letter to pay it up. This is a form of written demand to pay the debt which is officially called Notice of Federal Tax Lien. If you do not pay within the thirty days time frame, the IRS is going to file a notice showing your tax debt in the public records. The IRS files so many of these liens across the United States to those delinquent taxpayers. For some states that do not have county recording systems, the IRS sends the notice over to the office of state secretary. The county or state fee for recording the lien is paid by the IRS which in turn is added to your tax bill.

Do you know the effects of having your Notice of Federal Tax Lien recorded? A Notice of Federal Tax Lien shows the general public that you owe tax debt to the IRS. It works like a recorded mortgage which shows anybody who searches for public records of tax debt. It also pulls out a credit report of you owing a lien against your property. Furthermore, a recorded lien causes damage on your ability to borrow money using credit. It also scares off potential lenders or creditors. This makes it hard for you to avail a home loan or finance any purchases. You also need to know that lien notices are noted by credit reporting agencies.

Now that you know the effects of tax liens, it is time to learn how to remove it. Always remember that a lien cannot be removed if you do not pay the due tax along with any interest and penalties, or paying it via an offer in compromise. Pay the full amount of taxes owed in order to get an IRS Certificate of tax lien release. Also, keep in mind that even if you have cleared your debt, the lien would still stay in your credit report for a few more years. So, it is best to pay your taxes regularly to avoid this financial disaster.
You can begin creating your lucrative tax lien portfolio today and start saving for your future. If you'd like to learn more about Tax Lien Certificates & Tax Deed buying and investing strategies I have an awesome course and advance course available at, >>> http://bit.ly/14x4th9 

About the Author

Dustin Hahn is the top tax liens and deed consultant today that conducts trainings and mentoring to investors who want to learn the secrets behind real estate tax sales investments. He is the owner of Tax Sales Secrets, the best tax liens and deed investment company. He is the author of Real Estates Best Kept Secret, an e-book which is available at http://www.taxsalessecrets.com

Tax Lien Investing Is Dead and What You Can Do About It

Rumor has it that tax lien investing is dead and that the small investor just can't compete anymore. The truth is that tax lien investing is not as profitable as it once was the way some experts are teaching you how to do it. For example.

 Bidding at the tax sale is dead. You know what I mean, interest rates are bid down to minuscule percentages at tax sales and premiums at some tax sales are bid too high for investors to make a decent profit.

 Over-the-counter liens and deeds are dead. Some experts would have you believe that you are better off buying the left over liens or deeds directly from the county so that you can get the maximum interest rate on your tax lien or buy a tax deed without having it bid up at the tax sale. But what they neglect to tell you is that there is usually nothing but junk properties left on these lists.

 Buying houses at tax sales for pennies on the dollar is dead. "Experts" would have you believe you can buy a house that's worth 6 figures at a tax sale for back taxes. But what they don't tell you is that the competitive bidding at the auction usually goes up much higher than that.

These strategies aren't as profitable as they once were. What investors are lead into by well meaning  experts who were able to make a nice profit with the above strategies in previous years, when bidding at tax sales was not as popular or as competitive as it is today, are giving tax lien investing a bad rap.

But it doesn't have to be that way! I can show you the investment strategies that I use, and that I teach my clients. These strategies will make money with tax liens and tax deeds without doing a lot of work and without bidding at the tax sale. And these are strategies that let you profit faster than the methods that everyone else is telling you about. I call them my Stealth Strategies for making huge profits with tax liens and tax deeds, and until now I have only revealed them to my coaching clients and students.

If you are currently investing in tax liens or deeds€¦you need to get re-educated, re-inspired, and re-assured that you are on the right track! I can show you how you can continue to get huge returns on your liens or deeds as the market get tougher by changing a couple of little things you do now. You could be in one of those areas that haven't been hit yet by the increased bidding competition due to the flux of banks and institutional buyers in the market. But it's only a matter of time until they invade your neck of the woods, and when they do, you'll be ready with strategies that will allow you to profit anyway.

If you've been thinking about investing in tax liens or tax deeds. Maybe you've been thinking of investing in tax liens or tax deeds for a while now, but you're just not sure if it's for you. You might have even been to a tax sale and have had your hopes of profit crushed by the competition, and now you're not sure if you can compete against these large companies and banks,well you don't have to! I can show you an easier way to invest in tax liens and a better way to get redeemable deeds. The 3 strategies that I use include redeemable tax deeds, secondary tax liens, and investing in land.
You can begin creating your lucrative tax lien portfolio today and start saving for your future. If you'd like to learn more about Tax Lien Certificates & Tax Deed buying and investing strategies I have an awesome course and advance course available at, >>> http://bit.ly/14x4th9

About the Author

Joanne Musa works with people who want to build an extremely profitable portfolio of tax lien certificates or tax deeds FAST. Learn more about these strategies in a replay of a webinar training for only $9.95! Get access to the recording now at http://www.TaxLienLady.com/webinar-training.

Laws in Tax Lien

Tax lien laws were imposed upon a property to secure the payment of taxes. This may be imposed for delinquent taxes owed on real estate or personal property, as a result of failure to pay income taxes or other taxes.

These were constituted as a means to protect labor subcontractors from general contractors who could get full payment of the services rendered property owner but neglected to compensate for the services or supplies to finish the task.

This law allows unpaid workers to pressure the homeowner pay for the services regardless of whether or not he has already paid the general contractor for the completed job.

If the homeowner declines to pay up for the provided services after the general contractor has neglected to pay, the subcontractor can request for a lien to be put on the property to assure later payment. However, this will not be an assurance for an immediate payment, but it will ensure that the homeowner will not attain any profit on the property without first paying the tax lien in full.

Although, Tax lien laws vary from state to state and it should be explored before seeking on a particular property. Most states have rigorous laws when imposing tax liens. It would be most effective to file a tax lien right away even if you're still in negotiation with the homeowner concerning payments. These liens can be easily removed but can't be imposed after the deadline, regardless what the circumstances might be.

When beginning at a fresh work place, you need to be cautious. Some homeowners will settle their financial obligation when addressing with general contractors. They will call for all subcontractors to sign tax lien releases before the work commence or when making a final payment. In this way, they will be free of the payment responsibilities concerning subcontractors. Though, for subcontractors do keep in mind that if you sign this waiver, you can obtain payment through the general contractor and tax lien laws no longer apply.

Tax lien laws are not effective immediately, there are some processes that the labourer must follow and must be aware that these laws differ often dramatically when managing private projects vs. public ones, that you must notify the homeowner that you're acting on the project with a pre-lien form and you need to place a tax lien within specified deadlines.

But as a subcontractor you need to know some few safeguards to apply in order to ensure to be compensated in a timely manner and to be prepared to make suitable action when they aren't. Keep pre-lien forms on file for fast access, when signing a work contract, sent out filled out pre-lien form to the homeowner through mail and watch lien deadlines carefully to check that you are able to make a claim legally. If you want to know more about tax lien, check http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1 for additional details.

 Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ            

About the Author

Dan Gillespie is a real estate professional who invests nationally in everything from single family homes to land to commercial properties. An owner of Dan Real Estate Depot http://www.danrealestatedepot.com

Tax Sale Property Investments

What is an investment property? It is any property that is purchased with the intent of gaining a return. It can be an apartment building, a single-family home, multi-family occupancy, vacant and commercial land; basically any type of real estate. Purchasing an investment property can be a profitable venture, whether one simply hopes to purchase a home or plans to make a business out of the investment.

One of the most popular investments nowadays is tax sale property investments. However, there are still some buyers that do not know the basics of tax sale investments. This type of investment is backed by the government who implements the sale and collection of delinquent taxes which implies that the whole process is legal and secures you of profits.

So, what are tax sale properties all about? This happens when the homeowner fails to pay his property tax dues to the government for a certain length of time. The property would then be put up for sale at a public auction. The government or county needs the revenues generated from the delinquent property taxes in order to run things smoothly. This is the time when the county issues either a tax deed or tax lien on the property of the delinquent homeowner.

If a property is facing a tax deed or tax lien problem, it means that the homeowner needs to pay his back taxes in order to clear the debt or else he/she would lose the home. An investor is going to make profits by either buying the deed to the property or paying for the lien. In which a nice interest rate and principal investment is waiting after the redemption period. How does this work? An investor starts with a minimum bid, one that is high enough to cover the back taxes and the expenses of the sale, yet still allow the investor to purchase the property at minimal cost compared to its assessed value. And if the owner decides not to claim the property back within its redemption period, then the investor will have the right to resell it at market value or fix it up and sell it at a premium. It's a win - win situation for every investor. A great way of earning good profit!

Always remember that the government handles the tax sale, the money you invested is totally secured. Also, don't forget to do proper research and do due diligence on tax sale properties. That will guide you on which properties to bid on. Learn more about this at http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1.

Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate System.  

About the Author

Dan Gillespie is a real estate professional who invests nationally in everything from single family homes to land to commercial properties. An owner of Dan Real Estate Depot http://www.danrealestatedepot.com

How To Be Prepared For A Tax Sale

Tax lien investing requires money. The range usually depends on how far you will go on bidding. It depends on the goals you have in mind. If it means investing and waiting for the profits to come, then a few hundred dollars is fine. However, if you want to make a steady income, then you are going to need a couple thousand dollars. Keep in mind that the profits of this type of investment do not come immediately. This works when the homeowner decides to redeem the property by paying you back plus the interest. If the homeowner decides not to claim it within the redemption period set by the county then you can apply for a foreclosure and in return you have the legal rights to the property. Flip it and sell it at a higher value.

It is strongly advised that you attend a couple of tax sales before bidding on the actual properties. This will give you an idea on how to bid and how much money you are really going to need to start investing in tax liens. It will also give you an insight on how seasoned bidders prepare themselves financially for a tax sale by observing them. The prices of the liens up for grabs are not a joke since many nice and profitable properties are on the list of tax lien states. You need to be ready for these things, and have a decent amount of cash in your account in order to get the property you want.

One thing, you need to do your research. These properties up for bid are usually posted several weeks prior to the sale. It will give you plenty of time to check and do due diligence on each property you are interested to bid on. Since it involves money, you need to be sure you are bidding on a profitable property. Always remember that you need to know the terms of sale in each auction you are planning to attend. Check on its interest rates and redemption period. This usually varies from state to state. Illinois and Florida has at least 2 years of redemption period. If you want faster return of investment, then select states that have shorter redemption period such as State of Vermont and Indiana which only have redemption period of 1 year.

If you are planning to venture into this type of investment, you can contact County offices for details or better yet there are a lot of articles you can look up online as your reference. You can visit http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1 as one of them.
Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ             

About the Author

Dan Gillespie is a real estate professional who invests nationally in everything from single family homes to land to commercial properties. An owner of Dan Real Estate Depot http://www.danrealestatedepot.com

Tax Lien Investing Video Tip: Due Diligence For Tax Liens

                                                                                                                                                                           
To receive your awesome Tax Lien Investing Kit, that has helped thousands of investors, just like you learn how to build their own profitable portfolio of tax lien certificates or tax deeds go to http://bit.ly/14x4th9

Investing in Tax Lien Properties

You've found the auctions in your territory, and you've armed yourself with the knowledge from these pages. Now the time has come to devise your plan of attack. Whether you bid from home or at auction, you can't do yourself a better favor than the proper preliminary research.

Investing From Home

If your state doesn't utilize the tax lien system and you'd rather not shell out for the gas or the plane tickets and travel to an auction, you can always invest via the mail or participate in online auctions. This is certainly convenient but to be successful this method demands a responsible and motivated researcher. If you can't physically view the property and the neighborhood, contact the county holding the auction and review the property's most recent appraisal. When investing long-distance it's wise to stick with newer properties. Older homes may be plagued by asbestos or lead paint, which can all but doom any attempts to sell it later on.

At the Auction

If you decide to travel to a tax lien auction, a little prior investigation will make the whole experience a great deal more enjoyable and less stressful. Rules and fees can vary from auction to auction. Auctions provide no time for second guessing-there are counties with hundreds of properties to get through and the auctioneer will not hesitate to slam down that gavel if no one chimes in. Split second decisions are the difference between good and bad investments.

Aside from depths of the wallet, level of research is usually all that can distinguish one potential investor from another. Scrupulous research can give you the upper hand over even the seasoned veterans in the crowd. Imagine this scenario a property in seemingly decent shape is being auctioned off and you watch as your competitors bid higher and higher on it. Because you actually drove down to the neighborhood to look at the home, you know it's in an unsavory part of town and unlikely to sell for good money if acquired and sold. You've contacted the county and know the amounts owed and the length of redemption period, and you realize it will be virtually impossible for this owner to redeem their taxes. Whoever wins this bid is going to be stuck with worthless piece of real estate. You can smile to yourself and feel confident that you will never entangle yourself in the nightmare of foreclosing such a property.

With research and smart investments, you can't lose you'll either gain back your investment, now fortified with interests and penalties, or you'll "win the tax lien lottery" and acquire a great property that you can rent or sell at up to a 300% profit.
To receive your Tax Lien Investing Kit, that has helped thousands of investors, just like you learn how to build their own profitable portfolio of tax lien certificates or tax deeds go to >>>http://bit.ly/14x4th9

About the Author

Brent Crouch is the owner of TaxLienProperties.net. He has dedicated this site to providing information on purchasing tax lien properties at pennies on the dollar.
.

How Tax Liens Work

I have found government Tax Lien Certificates to be a safe alternative to investing in the stock market. In case you are not familiar with tax lien certificates. Here's how they work: Local governments (counties and municipalities) need property tax money in order to meet their budget. When property taxes go unpaid they need a way to collect this money. So they sell the delinquent taxes to investors. When you purchase a lien, you are not purchasing the property but paying the back taxes on a property in order to get the interest rate that the county would normally charge the tax payer. These rates could be anywhere from 8% to 36%

depending on the state. The lien must be paid within a specified period of time or the Investor can foreclose on the property. That is the incentive for the property owner to pay off the lien.

This is a win/win situation for all parties. The local government gets the money they need to meet their budget. The property owner gets more time to come up with the money to pay their taxes (they get a high interest loan, but it beats having their property sold to pay the taxes). And the investor gets a very a good rate of return his or her investment.

But as you may know all states do not sell tax lien certificates. Some states will simply just sell the property to return the property as fast as possible to someone who will pay the taxes. So what if you don't live in a state that has lien sales. Or what if you don't live in the United States? The good news is that you can invest in tax liens online from your computer.

Here are 4 things that you need to know before investing in the online tax lien sales.

Interest Rate

Bidding Procedure

Redemption Period

Tax Lien Expiration or the Life of the Tax Lien Certificate

The Interest Rate is the default rate that the county charges delinquent tax payers, which is passed on to the investor. This rate is sometimes bid down at the tax sale, which brings us to the Bidding Procedure. Each state has a different bidding process. In some states the interest rate is bid down and it's the investor who is willing to accept the lowest interest that wins the bid. In other states premium is bid for the lien. In this case the price of the lien is bid up, which has the same effect as bidding down the interest rate in that it lowers the effective interest that the investors receives on the total money invested. There is also a third method used by a couple of states that sell tax liens online and that is bidding down the percent ownership of the property should the lien fail to redeem and the lien holder foreclose on the property.

The Redemption Period is the period of time that the delinquent tax payer has to redeem the lien before the lien holder gets to foreclose on the property. States vary greatly in the redemption period, it can be anywhere from 6 months to 3 years depending on the state. And there are some special tax sales in one state where the redemption period is reduced to only 4 months. The not so good news is that only a few states have tax lien sales online. And even in those states, not all counties have online tax sales.

The Tax Lien Expiration Period is something that you don't hear about, but it is very important, as all liens have an expiration. A lien will expire worthless if the expiration period goes by unnoticed by the lien holder. Expiration periods vary greatly by state, and can be as little as short as one year after the redemption period to as long as 20 years after the sale of the lien. The states that have the shortest redemption periods also have short expiration periods. This is to encourage the investor to apply for the deed or to foreclose on the property immediately after the redemption period is over, so that the property can be returned to someone who will pay the taxes.

You can begin creating your lucrative tax lien portfolio today and start saving for  your future. If you'd like to learn more about Tax Lien Certificates & Tax Deed buying andinvesting strategies I have an awesome course and advance course available at >>> http://bit.ly/14x4th9

Strategies for Tax Lien Investing: Knowledge is Success

There is unquestionably an art to winning bids at an auction. The accomplished bidder has the right timing and the right knowledge. In the world of tax lien investing, there are veteran investors and then there are quite a few naive rookies. You don't need years and years of experience to bid well and win-you just need to educate yourself. The following outline of tax lien strategies will enable you to outsmart even the most seasoned of investors.

Slow and Steady Doesn't Win in This Race

Auctioneers are very stingy of their time-a good tax lien property will be history within a few seconds of the opening bid. There is a time limit on these auction and at the slightest hesitation, the auctioneer will grant the lien to the last bidder and proceed blithely on to the next one. Do your research before you arrive at the auction so you'll be able to make quick, confident decisions. A savvy investor can recognize a good deal in a split second. The tempo of an auction can vary, especially between smaller and larger events, so be prepared to observe and pick up on the cadence before you join in.

Stand Up and Be Heard

Leave any shyness at home when you leave for an auction. Many first-time investors call out bids so timidly that they go unheard. Remember, you are competing for a chance to make serious money. Speak up in a strong and authoritative tone.

Appetite for Success

Depending on the time constraints placed upon the auction, the auctioneer may not take a lunch break. The majority of the other hungry bidders will, though, so if you stick around you'll have your pick of the prime properties with half the competition. An investor familiar with bid up premium and bid down interest techniques will be able to manipulate these scenarios into some very good tax lien deals.

Another secret: stay until the very end of the auction. Sometimes,if there are quite a few properties left after the posted end time has passed, the auctioneer will grant a time extension. The government would much rather have these properties off their hands. There may be a 10 minute interim between the scheduled end time and the moment the auctioneer announces his decision to continue-and by this time, many of your competitors will have already headed home. In fact, if you are the only investor left standing, the auctioneer will still allow you to name your bid. Auctions don't get much better than that.

Avoid Institutional Investors

Homes are the preferred target for institutional investors. You're wasting your time trying to compete with these guys-they have millions of dollars at their disposal and will accept extremely low interest rates. They can also pay off the bank and skip the whole foreclosure process. If you have to face this kind of competition in your area, pursue the non-residential or non-homestead tax lien properties. To avoid institutional bidders altogether, attend smaller auctions with more modest inventories.

You Get What You Pay For

Disclaimer: Not all minimally priced liens are worthless. However, if you aren't able to conduct visual and background investigations a property prior to the auction, whether due to time constraints, location, or other reasons, it's wise to bid on homes priced over $500.00 or $600.00. this is considered the safety line between homes that are worthy of investment and homes that are in bad condition. Homes above this range also have a lower foreclosure rate, which means you're more likely to get some easy money back rather than have t take on the risks of selling the home yourself.

Armed with these professional tax lien investing strategies, you'll become a formidable foe to even the most experienced competitors.

You can begin creating your lucrative tax lien portfolio today and start saving for your future. If you'd like to learn more about Tax Lien Certificates & Tax Deed buying and investing strategies I have a free course and advance course available at. http://bit.ly/14x4th9

About the Author

Brent Crouch is the owner of TaxLienProperties.net. He has dedicated this site to providing tax lien property articles and purchasing real estate at pennies on the dollar. http://www.taxlienproperties.net/articles/articles.htm

How to Use Tax Lien Manager to Protect Your Tax Lien Certificate Portfolio

The first thing that you need to do to ensure that your tax lien is profitable is to record your tax lien certificate with the County. Your tax lien certificate must be recorded in the county records, or it is worthless. In some states this is done for you and you pay a recording fee when you purchase your lien. In most states, including New Jersey, this is something that you will be responsible for and I suggest that you do it right away, as soon as you receive the tax lien certificate. With Tax Lien Manager you can print out a letter to send to the county clerk with your tax lien certificate(s).

In the Lien Menu, select Current Liens and click on the Payments tab and the County Filing Letter button. You can use the drop down menus to include all of your tax liens for that county. You can keep track of the filing fees that you pay and print out affidavits to the tax collectors. You even have 2 different affidavit letters to choose from. Tax Lien Manager will even print the envelopes for you.

The next thing that you want to do to maximize your profit in a tax lien certificate is to pay the subsequent taxes on time. Tax Lien Manager can help you do this by letting you know when you can pay quarterly taxes. You'll see the reminders for quarterly taxes on the calendar. Tax Lien Manager also provides you with a letter to the tax collector requesting the amount of subsequent taxes due. You can print this letter and either mail it or fax it to the tax collector. When you mail in your payment for subsequent taxes, include an affidavit printed out from Tax Lien Manager with your payment. All of these tasks can be done from the Payments Tab in the lien property information screen of Tax Lien Manager.

The third step in maximizing your profit keeping track of when the redemption period is over for your tax lien(s). Tax Lien Manager will tell you when the redemption period is over for each of your liens. You'll see the reminders on the calendar. Then you can decide if you want to continue to pay subsequent taxes and hold the lien longer, start the foreclosure process, or sell your lien to another investor.

With Tax Lien Manager you can print a request for a title search and mail or fax it into your title company. Just put the contact information for your title company into Tax Lien Manager by clicking on the Title Search Company button in the Table Maintenance Menu. Your request for a title search will then be atomically populated with your information and your title company's information. You can even choose between several title search companies. You can also print a pre-foreclosure letter with tax lien manager. If you decide to assign your lien to another investor or if your lien redeems, Tax Lien Manager can tell you the redemption amount of your lien. You can use this to set a price for your lien or to compare with the redemption amount that the tax collector gives you.

All of these tasks are done from the Acquisition/Redemption/Foreclosure tab in the Lien Property Information Screen. To access this screen from the Main Menu click on Liens and from the Lien Menu choose which group of liens you want to look at. Then you can choose individual liens in that group. Put your cursor on the lien that you want to change or view and click on the Change or View button. Now you are in the Lien Property Information Screen. The Acquisition/Redemption/Foreclosure tab lets you track redemptions, title searches and the foreclosure process. You can track bankruptcies and DEP issues with the with the Bankruptcy/DEP issue tab.

Joanne Musa works with investors who want to reap the rewards of tax lien and tax deed investing. She is the author of the Tax Lien Lady’s E-books, Tax Lien Investing Secrets and Tax Lien Lady’s State Guide to Tax Lien and Tax Deed Investing.To receive your awesome Tax Lien Investing Kit, that has helped thousands of investors, just like you learn how to build their own profitable portfolio of tax lien certificates or tax deeds go to http://bit.ly/14x4th9

Article Source: http://EzineArticles.com/?expert=Joanne_Musa

Article Source: http://EzineArticles.com/241911

Buying Tax Liens in Your IRA | Check Book IRA LLC Video

                                                         
To receive your awesome Tax Lien Investing Kit, that has helped thousands of investors, just like you learn how to build their own profitable portfolio of tax lien certificates or tax deeds go to http://bit.ly/14x4th9