Archive for May, 2009


Depending upon how late you are on your property taxes the government may issue a tax lien on your property If you intend to invest in a safe investment then you should look towards tax lien certificate investing for state guaranteed investments If you intend to begin investing in tax lien certificates then you know that they are assured by state government You need to be for certain you are making tax payments on everything that you are supposed to pay taxes on the importance of this is to avoid a tax lien
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment



First real estate tax installment due on June 4
Morris Daily Herald, IL
Unpaid real estate taxes, penalties and additional fees will be sold at the annual tax lien sale Nov. 10. Unpaid taxes are offered to tax buyers for the lowest bid. The bidding starts at 18 percent for a six month period. The successful tax buyer pays


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment




Crain's Chicago Business
Todd's tax trouble: IRS hits Stroger with $11668 lien
Chicago Sun-Times, United States
But Mullins couldn't provide details beyond that, including how the Strogers let the situation get to the point where the IRS determined it needed to hold their feet to the fire by filing the income-tax lien with the Cook County recorder of deeds.
Stroger explains IRS tax lien KWQC 6
Report: Stroger owes $12K in back taxes ESPN
Todd Stroger talks taxes ABC7Chicago.com
WBBM780 - Chicago Sun-Times
all 116 news articles


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment



Bribery case lands on developer
Baltimore Sun, United States
The company's East Baltimore headquarters building was initially included in the city tax lien sale list for nonpayment of property taxes. He was sued last year by a contractor for $223560. The bribery charges have put his client “in the poorhouse” and


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment


One thing that seems to catch some people unawares is the interest rate that is quoted for a tax sale. There are two types of interest rates - one is an interest rate and one is a penalty. Why do you care? Because it can make a substantial difference in your return on investment.

Lets assume there are two different tax lien sales, one has a 10% interest rate and the other has a 10% penalty. You buy a $1,000 lien in both sales and both liens redeem exactly 90 days later. Which one was the better investment? Let’s do the numbers.

The 10% interest rate lien will earn the following: $1,000 times 10% for 90 days will earn $24.70 (1000 X .10/365*90)=24.70. A 10% percent penalty for 90 days (or 180, 0r 365) will earn $100.00 (1000 X .10)=100. Which would you rather have? The anualized return on the penalty is 40.6% (100 / 90 X 365 /1000). So, obviously 10% is not always 10%. You need to know if you are earning a penalty or an interest rate.

Some of the penalty states are SC, TX, IL and IN. there are others. Check it out and know what you are getting.


By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment


If you wish to contest the charges of your tax lien you should still make your payments in case you lose the decision You purchase the tax lien certificate at all auctions however the rules and regulations of the auction change from state to state While most states and counties do not hold these auctions very often therefore you should contact your county to see when the next one will be held if you are interested In terms of security of a tax lien investment the investor is assured to receive either payment or the property at a discounted rate
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment




KVAL
Tax credit can be used for down payment
Inman.com, CA
Those offering tax-credit advances with second liens can't charge more than 2.5 percent of the anticipated credit, which works out to $200 in fees and costs for the maximum $8000 tax credit. The second lien can't exceed the total amount needed for the
HUD Details Use of Tax Credit toward Closing Costs Housing Wire
all 373 news articles


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment



Second Petition Filed Against Superintendent
Westbury Times, NY
The petition highlights about five items but specifically mentions the district's decision to appeal Commissioner Mills' March 2009 decision annulling the 2008 trustee election and a tax lien placed on Bethel United Pentecostal Church (two key items in


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment



Tax lien auction still leaves $2.6 million gap for Pasco
Tampabay.com, FL
When a taxpayer doesn't pay taxes by April 1 each year, the tax collector puts the property's tax certificate up for sale at auction by June 1. The tax certificate functions as a loan in exchange for a lien on the property. Whoever buys the certificate


By news.google.ca
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment


For the first time there will be three Colorado Tax Sales on the web. For the last couple of years Jefferson County has held a web sale, but this year they will be joined by both Denver County and Weld County. Jefferson County will be October 18th, Denver County will be November 6th, and Weld County will be November 1st.

These Colorado counties have pretty good real estate on their sales although the foreclosure rate in Colorado has been one of the highest in the nation, there should be some good values for tax lien sale investors.

One word of caution - remember that in Colorado the amount you bid above the taxes owed you do not get back, so make sure you have done your due diligence and that you don’t get carried away. Also, don’t forget that this is a three year redemption period so you have to be able to post subsequent taxes for the liens that have not redeemed.

Good luck and good bidding!


By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

Leave your Comment