Tax
Lien Investment is a secured way of investing your valuable money and benefited
with High Rate of Interest. If you are looking to invest in property which
values low price but the outcome is higher, then you should look for Government
Affiliated Tax lien properties. When a Government affiliated Tax Lien
properties come for sale? Once when the Real Estate Agent or the Property
owners did not pay the property taxes, at that time the local county Government
issues a tax lien certificate to delinquent property owners. These properties
are auctioned for sale, the investor who is bidding the highest amount gets the
property and he/she is liable to surrender the real estate tax arrears.
Finding Government Tax Lien Properties:
The
Investor can find the available Government Tax lien properties auctioned for sale in newspaper. Other way is to get
contact with Local County Tax Collector, because he knows all information
regarding list of properties which is priced for auction. The Local County Tax
Collection agent may also intimate Real Estate agents or investors, about the
next Tax Lien auction.
Rules to Be Followed:
Tax
Lien Auction sales vary based on county or State procedures. Every State does
not follow the same rules. The Important rule will be during auction time
whether investor or his nominee to be present for buying the property and
giving the cash. The Financial Transaction can be given either by check, cash
or online banking based on the decision made by the Revenue Official
Department.
Tax Lien Holder:
The Highest
Bidding investor will be the owner of the delinquent property for period of one
year. During this time, the investor has no right to renovate or evict the
tenant outside of the property. And then, he does not have the power to give
the property for rent or other lease purposes. The Tax Lien Holder should wait
until the delinquent owners pay back his property taxes completely, if not the
property will be registered in the name of investor who bought the property,
during auction time.
No Risk in Investing Money:
There
is no risk in investing your valuable money on Tax Lien Properties auctioned
on sale basis. Every process is done on a legal basis. There is no chance for
your money to get loss. For a period of one year, your money will be in the
hands of Government Officials. Once delinquent property owners pay back their
taxes completely, the investors will get back their investment amount with some
rate of interest added to it.
