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Ground rent investor pleads guilty to rigging auction bids
Baltimore Sun Prosecutors say the three men and others conspired to limit competition at certain tax lien auctions through coordinated bidding from spring 2002 through … A dichotomy of justice |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Baldwin hit with outstanding tax bill
13WHAM-TV A tax lien for $39561 was filed by the state of California against the couple on March 19 in Los Angeles, while the Internal Revenue Service is seeking … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
…when you buy it for 5-10% of it appraised value!
This is the no-BS blog about how to make money off of the terrible economy just like the rich folks do!
It’s a fact-people aren’t paying there taxes!
Which means that normal folks like you and me can can buy the tax liens on those unpaid taxes and often buy a house for the cost of the tax bill.
Think about how cheaply you could sell that house and still make a huge profit, you’ll have the lowest price on the block, period!
Make money by being smart, not working hard!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
An example of a “Bulk” sale of tax liens is shown below. Why would you care if you don’t have an extra $10 million hanging around to bid? The reason is the buyer of this package of liens may well have an interest in selling some of the liens to limit their risk.
The Lucas County Treasurer’s Office expects to distribute payments totaling about $9.8 million to school districts, cities, and other taxing districts from the sale of liens on delinquent property taxes, Treasurer Wade Kapszukiewicz announced yesterday.
The money will come from the sale of liens on about 4,800 tax-delinquent parcels to a New Jersey collection company.
Mr. Kapszukiewicz said Lucas County is the seventh county in the state to take advantage of the power approved in 1997 to sell liens on parcels with delinquent taxes to a collection agency.
He said his office awarded the tax-lien sales to Xpand, of Morristown, N.J., a subsidiary of Bear Stearns Cos. Inc., for $9.8 million, which gives it the right to collect on the delinquent parcels and to charge interest rates of up to 18 percent.
The lien sales will take effect Nov. 30, unless the owners of the 4,800 properties pay their bills in full or qualify to be put on a payment plan.
Mr. Kapszukiewicz campaigned in 2004 on a promise to try the tax-lien sale, which he said would help dislodge millions of unpaid taxes that were not being collected by his predecessor, Ray Kest.
“This program does not target anyone who is making a good-faith attempt to pay their taxes,” Mr. Kapszukiewicz said. (this is from the Toledo Blade)
By John Lane
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
 Credit.com News |
Taxpayer advocate to IRS: Don't lien too heavily
CNNMoney.com In her annual report to Congress, released on Wednesday, Olson says the IRS must do more to assess whether the benefits of a tax lien outweigh its harm to … Tax hang-ups? IRS seeks to answer 71% of calls |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
 Globe and Mail |
Co-owner's woes might strengthen Nashville's hold on Predators
Globe and Mail … public that Predators chairman and part-owner David Freeman has a $3.3-million (US) federal tax lien on his house for failure to pay his 2007 taxes. … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Often times the most successful people are the people who keep going, never give up, and are willing to do what it takes to accomplish their goals and dreams.
Many times they don’t even have a clue how they are going to accomplish what they set out to do, they just know they are going to accomplish it…
This has to be you.
You must be willing to fall down, get back up, and keep going no matter what. The winner of any race is not always the fastest person, but the person who keeps running and doesn’t give up.
Safer, Cheaper Real Estate Investing!
By Tax Liens Made Easy
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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
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Tax lien filed against Arrow Trucking Co.
Tulsa World The Oklahoma Tax Commission has filed a tax lien against Arrow Trucking Co. for allegedly failing to … Arrow Trucking Owes State $345572 In Taxes, Penalties KRMG Morning News “Stack of Stuff” and Notes 1/05/10 |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
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Ausilio v. US
Leagle, Inc. August 11, 1998 IRS tax lien attached to the Property after Ausilio failed to satisfy § 6672 assessment. November 30, 1998 John and Genevieve Ausilio … |
By news.google.com
To learn more about Tax Lien Investing, please visit www.TaxLienInvestingGuide.com
Tax Lien Podcast