Current news on Tax Lien Investing
Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien?
You mean the person that purchases the home is the one paying for the pending lien?
I know that whatever profit there is on the sale would first go to the IRS toward the tax lien, but I am not sure how the tax lien will affect the sale. By the way, after selling the property the tax lien will not be totally paid off. All of the money from the sale will go toward the lien and it won’t be enough to pay the entire debt. Does that effect the sale?Will it take longer to close the deal? does the IRS have to sign off on it? How does it affect the marketing of the property and does it affect the buyer in any way?
We had our day in court yesterday and received 4 homes in Indiana!
We bought 5 liens and 4 of them became houses…80%!!!
So we spent less than $1000 for four, yes…FOUR houses!
Now we are going to fly up there do any fixing up that is needed, get a couple of realtors excited about selling them and make a huge profit!
Once they’re sold, we will start all over again-more liens and more houses!
Life is great!
Get your own houses for pennies on the dollar!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Tax lien property investments are really not that new Many would be investors still do not know how to use them to complement their other investments today As the stock market is not the only means of appreciating an asset base cash anymore Some others feel that the roller coaster ride on Wall Street often leads to sleepless nights and upset stomachs Not so when you invest in real tangible properties via this little known method
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Well, the Weld County results are in. It was an internet auction held by RealAuctions.Com and the results are very interesting.
First thing to keep in mind is that a lien in Colorado that is sold this year and redeems on the last day of the redemption period (three years) would earn a total of 45% on the taxes owed ($450 on a $1,000 lien). Also keep in mind that the premium you bid you don’t get back. With those thoughts in mind, here are the results.
There were 1,462 liens sold and 165 liens struck off to the county (no bids).
The sane people:
1,280 liens were sold at an average premium bid of 5.80% of the lien amount, i.e. if the lien was $1,000 it took an average bid of $58.00 to buy the liens.
50 liens were sold at no premium whatsoever.
The escapees from the “Happy Dale Home for the Mentally Bewildered”:
132 liens were sold at a an average premium of 75.50%, in other words on a $1,000 lien they bid a premium of $750.50! Remember, if the liens redeem the last day they would make a total of $450 on that lien or, in other words, they would lose $300.50. The only chance they have to make any money on these liens is if they don’t redeem and Weld has a very high redemption rate.
And the prize goes to a bidder who bid a premium of $600.00 on a lien that was $28.99 or a premium of 2,069%!!! - what were you thinging? Or were you thinking at all?
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Cage selling New York home
Houston Chronicle Internal Revenue Service (IRS) officials filed tax lien documents against Cage, who recently sold a Malibu home and a German castle, in Orleans District … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Land bank lawsuit planned
Huntington Herald Dispatch Property is put up for auction at the county's annual tax lien sale in November if the taxes are delinquent for the previous year. … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Land bank lawsuit planned
Huntington Herald Dispatch Property is put up for auction at the county's annual tax lien sale in November if the taxes are delinquent for the previous year. … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Once you’ve won your tax lien bid, got your lien, and redeemed your house…It’s time to sell and make the real money!
That is where a good realtor can make sure that you get the right price on your new house to maximize profit, but get a super fast sale.
Use the yellow pages and line up phone calls with a few of them. Explain what your are doing and they will flock to help you…why…because they aren’t earning many commissions now and they are VERY ready to help you sell your new houses!
This will be the easiest commissions they have ever earned, and they know it!
Here is your step-by-step guide!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
A tax lien is a lien imposed on property by law to secure payment of delinquent taxes by the state and county In terms of safety of investments tax liens provide an assured repayment backed by your state and county A tax lien auction can take place when the state or local government imposes a courtordered auction for your property taxes Foreclosing on your tax liens in some states requires a petition to the county court to get the deed to the property Long term goals of investing in tax lien properties should be wellresearched before making any rash investments In terms of picking a high yielding investment tax liens can bring decent returns if bought wisely
By freetaxlieninfo.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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