Archive for July, 2009


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

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DC Gov Announces Annual Tax Sale With Over 5000 Properties
UrbanTurf
If you're interested in the tax lien sale, go for the interest rates, not for the properties. I've heard that most property owners pay the taxes.

and more »


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

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PerezHilton.com
Diddy Writes Quick Check After IRS Puts Tax Lien On Restaurant For 7K
HipHopRX
According to Robert Snell of The Detroit News, the IRS filed the lien against Justin's Restaurant which is named after his son on May 18, 2009 in the New
DIDDY'S ATL RESTAURANT WANTED BY TAX MAN: Mogul has explanations Eurweb.com
P Diddy Pays Restaurant's Back TaxesWebCPA
SEAN COMBS - DIDDY HANDS OVER CASH FOR OUTSTANDING TAX BILLContactmusic.com
HipHopDX -PerezHilton.com
all 11 news articles »


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

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The biggest fear I see from “new” real estate investors is that they will lose everything.

This is completely based on fear, and that fear comes from the fact that you have worked hard to get to where you are and don’t want to lose any of it.

I can certainly understand this fear, and you are justified in feeling it. However, the reality of life is that nothing is certain and constant, and you stand a chance of losing everything any way.

We tend to believe that our job is safe and sound. The reality, and I have seen this time and time again, is that the place you work for could close it’s doors next week. I have seen various people have a “safe and sound” job only to come into work and find out that the place was shutting down in a few weeks.

I have even seen some places that didn’t even tell their employees. People showed up for work only to find the doors locked with no idea why or that the place shut down for good. This is even worse. The reality of life is that nothing is for sure, ever, and anything can happen. You could lose your job tomorrow and completely lose everything you own in a few weeks.

Tax Liens Made Easy


By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

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Usually you are required to listen to the court referee announce the terms of the sale and the required deposit to be made at the time You can hide this anywhere including clocks lamps radios smoke detectors books sun glasses In case of an auction for the tax deed the property is sold to satisfy the existing delinquent taxes In terms of the biggest advantage in tax lien investing it would have to be the economy does not effect the rate or value You purchase the tax lien and not the property at the auction however if the person in debt does not pay the amount owed by the stated date you will be able to foreclose on the chosen property You can put it in your car and aim it out the window
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

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This years Colorado Tax Lien sale will have the highest interest rate in six years. This years rate will be 15% (Colorado is the only state with a floating rate that is set each year based on the Federal Reserve Discount Rate). The sales will be in October, November and December, depending on the county.

Please remember that Colorado has a bid up system where most counties sell the lien to the bidder willing to bid the highest premium over the taxes owed. You DO NOT GET THIS PREMIUM BACK, so don’t get carried away with your bidding. There are a number of counties that do sell some or all of their liens on a “round robin” bidding method without a premium. Keep this in mind as it eliminates the risk of a bid up system. As always, you can get the lists at www.TaxSaleLists.Com


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

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Prosecutors seek victims in alleged tax-lien scheme
Baltimore Sun
are looking for what could be hundreds of victims in an alleged scheme to rig bids at Maryland tax lien auctions, according to court filings.


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

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WebCPA
'Stone Cold' Steve Austin Hit with Tax Lien
WebCPA
By WebCPA Staff Actor and retired professional wrestler “Stone Cold” Steve Austin has been body-slammed by California tax authorities with a $22000 tax lien


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

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A popular myth is that owning, buying, renting, and selling real estate is horrible. The problem is that we often get this advice from people who have never owned a property, never invested in real estate, and never will.

You wouldn’t go to your local barber and have him do brain surgery on you now would you? Of course not! So why do you listen to those people around you who have never invested in real estate. It’s silly.

They have no idea what owning real estate is like, so they have no right or expertise to tell you about it. The truth is that your job has it’s share of problems and headaches, now doesn’t it? So why not take a chance with something that will pay you more than your job by doing less?

Yes, there is a chance of toilets breaking, pipes, exploding, or any other number of things, but what are the chances of this really happening? How often do you need to repair anything in your own home?

Things happen, but not every single day. Once or twice a year you have to repair or replace something, it’s the reality of stuff. Things break down and get old, but the horror stories simply aren’t true. You won’t have to run out every night in the middle of the night to repair or replace something.

Is there a chance of not selling your house as easily or quickly as you want? Of course there is, but with the right education and plan, this isn’t a problem for you. It’s just part of doing business and when you plan properly for this, you are able to very quickly and easily work around this problem.

Is there a chance that, if you rent properties out, that you will get a tenant who is a headache and problem? Absolutely there is! Chances are you work with people like this every single day. But if you screen your tenants properly, and understand how to deal with these type of people, this too can very easily be overcome with out it being a headache or a problem.

You just need to make sure you are smart about how you do things, get the right education, and plan properly and all of these “horror stories” can very easily be dealt with and overcome.

It’s really no where near as bad as all of those “expert investors” who never invested in real estate would have you believe.

Tax Liens Made Easy


By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

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Each of the tax lien certificates usually allow the owner to be repaid the amount of the delinquent taxes plus interest accrued If you wish to dispute the tax lien amount or charge against your property the sale can still go to auction after the specified time to pay has expired Usually you are required to listen to the court referee announce the terms of the sale and the required deposit to be made at the time If you intend to invest in a safe investment then you should look towards tax lien certificate investing for state guaranteed investments If you wish to invest in tax liens you have to understand that you will not get any money until the property owner pays you
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com

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