Several Reasons to Purchase Tax Liens
May 12, 2018
Tax Lien Sales – Big Profits in Many Ways
May 14, 2018
Properties with tax liens attach to them are enticing to any investor because they can be bought at just a fraction of the market value. This is a lucrative business which is on going for many years now and yet only few know it. So, what do tax lien homes for sale mean?
-The local government issues a tax lien against a homeowner’s property due to failure of paying taxes on the due time. The lien certificate of the delinquent property would be sold off to the highest bidder in a tax lien sale. The winning bidder would then pay for the back taxes of the property. The investor who purchased the property now has the right to collect the amount owed plus interest and fees from the homeowner.
-The local government is waiting to be paid from the overdue taxes after the redemption period. They are selling the delinquent properties in order to get their tax money. The transaction is called a tax deed sale which grants the highest bidder full ownership and rights of the property won.
Selling of tax lien properties is a great opportunity. It is also one of real estate’s best kept secrets. Seasoned real estate people have been taking advantage of this business for the longest time now. Beginners are welcome too as long as one can legally own a property.
