Government Auction Site Reviews » Tax Sale Properties

Tax Sale Properties – Where to Find Homes Under $500?

admin — Mon, 08 Nov 2010 19:26:49 +0000

One of Real Estate’s best kept secrets during this opportune time is Property Tax Deed Sales.

Tax Deed Sales are a result of homeowner’s failing to pay their property tax bill. After a predetermined amount of time, the county will confiscate the property and sell it in order to recover the back taxes plus any interest and penalties owed.

The government’s goal is to retrieve taxes owned and therefore they are unconcerned with the selling price. Here lies your opportunity! The government uses auctions and other means to offer these homes to those that are informed by being at the right place at the right time.

Here is an example of 3 Tax Deed properties, each of which were purchased for less then $500. You’ll see other examples as soon as you click Steal a House and if you purchase the $1 membership you will see the listings for many more, covering all areas of the US.

When visiting Steal a House answer all the questions to get to the third page because it has a free pre-training video explains property tax deeds, and how you can take advantage and profit from them.

What is impressive about this site is that your dollar charitable donation (no lie, the owner contributes this to 1 of 2 registered charities) you can complete a free 7 section tax deed training program that arms you with short cuts, secrets and mistakes to avoid when purchasing these property tax deed homes for pennies on the dollar. Most importantly you’ll receive a 7-day membership, which includes access to their list of all the property tax deeds properties.

The Secret Certificate – Steal a House

Government Auctions for Tax Lien and Expired Lien Properties

admin — Fri, 10 Sep 2010 17:42:01 +0000

Have you ever wondered what happens when someone does not pay their property taxes? Well if you know government officials then you know they are not going to give a slap on the wrist and say ‘that’s okay, but don’t let that happen again’. Rather the government has the power to foreclose homes and commercial property when taxes are not paid. It does sound like the ultimate nightmare for the homeowner but it is not bad at all. In fact as Alec Baldwin would say in one of his notorious movies, it’s a ‘win-win’ situation. Let me explain.

County governments hold what is referred to as ‘tax lien sale’ which is a public auction where people can bid on these tax sales in lieu of the property. What this means is the public is bidding on the debt of the homeowner. In exchange for buying this tax lien and paying off the homeowner’s debt, the homeowner will then pay the winner of the auction back, with interest, by the redemption date as predefined by the government. This redemption date can be a length of time between 6 months and 4 years.

Now here’s the catch for the homeowner. If they default on the loan terms then the lien purchaser (let’s assume that is you) has the right to foreclose and take title of the property. So it is a ‘win-win’ so long as the homeowner continues to pay you, as the lien certificate owner, all loan payments. For you it is a good way to make a high interest rate while helping someone from losing their home.

Being the shroud business person that you are, however, you would actual prefer that the homeowner defaults on the lien loan terms in order for you to take control of the property. Obviously the homeowner will do everything in their power to make sure the debt is paid off in full, however, because they were financially incapable of paying their taxes initially it is quite possible that their financial situation will not improve enough to pay off this loan.

Does that sound like a sound investment? Well listen to this! When a tax lien is not sold at the government auction, the redemption starting date becomes the date of that auction and by default the government reluctantly becomes the loaner. This was a common occurrence just a few years ago before the government leveraged Government Auctions Sites (like this website) to increase access and awareness of these tax properties auctions. Because of this there is a very large inventory of tax liens

What this means to you is that since the original owner did not pay the loan by the redemption date, you can foreclose and take ownership of the property immediately simply by paying off the defaulted taxes and penalties. Often this amount can be less then $1000 or $2000. So if the property is valued at $200,000, well you can see the extraordinary opportunity here. For more information on this virtually 0% risk, high return ‘expired liens’ investment visit Tax Lien Investor Secrets or to see a list of a local auctions in which these liens sales are available visit Government Auctions Site.

Tax lien sales differ from tax deed sales, which are government auction sales as well. These are like tax lien sales, except that the government is conducting a forced property sale and the winner of the auction will obtain immediate rights to the property. This is the nightmare scenario for the homeowner has by this time they have surrendered their house. Once this happens, the new owner will be clear of
These are just a couple of ways that someone can profit at government auctions. Tax lien sales and tax deed sales can be a life-saver, or a death-sentence for the homeowner. Either way, homeowners are given ample opportunity to pay their taxes, and failure to do so, creates a profitable opportunity for someone else.

As mentioned above for more information on property tax lien and deed opportunities go to Tax Lien Investor Secrets or to see a list of a local auctions where these are available visit Government Auctions Site.

3 Types of Tax Sale Properties – Real Estate’s Best Deals

admin — Tue, 10 Aug 2010 04:18:19 +0000

Numerous media sources such as Investor newsletters, news networks such as CNBC and real estate investors all agree that there has never been a better opportunity in the last 40-50 years to buy real estate. That’s because foreclosure numbers are at all time highs bringing down the price of real estate and when combined with mortgage interest rates near all times lows creates a great bargain hunting environment.

Perhaps the best type of foreclosure for investors are Tax Sale Properties. The reason for this is because the local government requires tax payments to run the local communities so when someone defaults on their property taxes the government will sell the property to cover the tax owed. Imagine if the government is owned $1,000 in back taxes then so long as they make the amount when selling the house then they have met their requirement. Obviously there aren’t too many investments with this kind of return potential.

Please allow me to quickly explain the 3 types of Tax Sale Properties:

Tax Liens – this is where you receive a high interest rate for lending the property owner money so they can pay their overdue property taxes. If they default on your loan then you will receive title on the property.

Expired Tax Liens (also called Over the Counter Tax Liens) – this is when the property owner was unable to obtain a loan and the date has passed (called redemption date) in which all taxes and incurred penalties much be paid to the government. In order to retrieve the taxes owed, the government will take ownership and sell the home for the amount owed. These properties are available for you to take ownership immediately.

Tax Deeds – these are similar to expired tax liens except that instead of the property being sold at a set price, the property is sold at a government auction where the starting bid is typically the amount of taxes/penalties owned on that property. These properties are also available for you to take over immediately should you be the high bid at the auction.

Here is an example of a Tax Deed and Expired Tax Lien. These deals and thousands more are available at Tax Lien Investing:

Info at Tax Deed – $10,709

Info at Expired Tax Lien $4,750

So what’s the best way for you to take advantage of this?
First of all you need a list of the property tax sales available in your area. Secondly it would be useful to have some basic training to understand the steps involved in buying a tax property. Thirdly I would recommend a support line that you can call that specializes in tax sales that can answer all your questions and provide you specific advice as it relates to your situation.

With each membership, the team at Tax Lien Investing will provide:

- Access to lists of thousands of properties for all 3 types of tax sales. All the info you need to further pursue each property.

- Plenty of tax sale training (video and written) specific to your level

- Phone support to answer your questions and explain the process

- One on one support to guide you through the process, suggest shortcuts and warn of costly mistakes to avoid

The Tax Lien Investor team is a knowledgeable friendly group, who enjoy this business and helping others succeed (you may of noticed that this is rare with the Internet).

For more information on Expired Tax Liens check out this article Expired Tax Lien Sale Properties.