We live in CA. I notice some foreclosures have a tax lien, but most don’t. I have heard that if the property has a tax lien, then the person’s credit is affected for 15 years. I have tried contacting the Tax people in the County, but they are useless. We are just curious if we don’t pay our property taxes b/c we are facing foreclosure (because of a job loss and an illness, so please don’t judge us) when will the taxes become liens against the credit, if ever?
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i just want to know about tax lien certificates and tax deeds if its possible. thank you
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I live in Colorado if that makes a difference.
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I live in Seattle wash, am 56 years old and want to own my own house and heard I could probably get one cheaper through tax lien properties. But every time I look it up on computor, it ends up I have to pay for the info. Which is a rip off sence I know some where out there I can get this info for free. Just need to know who to contact. Im looking at out skirts of Seattle wash, King county etc. If you should know who I can contact it would be greatly appreiciated. solaedame1050@yahoo.com
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This is about house property tax for 2006.
I bought a house in Feb/06. The courthouse automatically mails the tax bill to the person that owns in it Jan. every year- which this person is dead in this case. I didn’t know anything about it until I received a letter from TLS unlimited that they had bought the lien in May/07 at a the courthouse sale. The original tax bill was 0 now they want 50. They bought it in May/07.
My problem is the courthouse never notified me that I owed this tax because they sent it to the person that owned it in Jan and I didn’t buy it until Feb. They did send me a bill for 2007 and 2008 tax years and I paid them - so they had my address down. They just failed to take the time to look up the correct owner - which you would think they would have done when they sent out the delinquent notice?
Can I dispute the sale of this tax lien because I was never notified properly? And if I have to pay, is that an unreasonable amount for TLS Unlimited to charge?
The problem is that the courthouse sent the tax bill to the wrong person so it never showed up in my name-therefore it wasn’t on the 2007 and 2008 bills as being delinquent for 2006. They said they did put it in the paper- under the original owner’s name- that is the problem- I was never notified. The owner was actually a company that forclosed on the dead womans property.
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I was thinking about maybe buying some tax certificates. I’m sure it isn’t as easy as John Beck makes it sound, or everyone would be doing it. What should I know before I start?
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Is this possible or not. Where in the Unites States is this possible, and whats the procedure.
And is the delinquent homeowner still liable for his/her mortgage?
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Can you help me with your expert opinion about buying snd selling tax liens, certificates, deeds? Thank you! Chris A
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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
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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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