TAX LIENS and TAX DEEDS

Each County or Municipality in the United States relies on money collected from property taxes to provide services such as fire departments, police departments, schools & teachers, parks & sanitation, water & sewer facilities, etc. When those taxes are unpaid for a period of time the county or municipality creates a Tax Lien Certificate for the amount owed on the property, plus any interest or penalties due. These certificates are auctioned off to investors to cover the County’s tax collection shortfall.

The lien acts as a legal claim against the property for the unpaid amount that is owed. Property with a lien attached cannot be sold or refinanced until the taxes are paid and the lien is removed.

When the property owner redeems the property, he/she pays interest on that property. Interest ranges from 9-36%.

Some Counties or Municipalities offer the following types of Tax Sale:

• TAX LIEN – A legal claim placed on the property. You purchase a Tax Lien Certificate.

• TAX DEED – You bid for the actual property.

• REDEEMABLE DEED – You bid for the actual property But the owner has right to reclaim in a given period.

Benefits of Tax Sales

• Purchase a property with no mortgage.

• Obtain a property with equity.

• No license needed to participate in the sale.

• Increase your networth.

Cons of Tax Sales

• Lien may be paid off prior to the sale.

• Other liens may not be removed from the property.

• Payments are usually required at the end of the sale or shortly after.

• Property may be occupied by owner, renter, or squatter

• Do you want to invest but need guidance.

• Do you want to add to your retirement plan.

• Do you want financial freedom.

• Do you want to fire your 9-5

In 5 months during the coronavirus we added over $1M to our networth. Want the Steps?

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