When does the town of Belmont, Massachusetts auction real estate property tax liens and delinquent taxes?
I really need to know……….. I’m getting ready to invest $thousnds of dollars in this.
Please make sure it is not a scam like John Beck or something…
Hi,
I received a letter from our County - Treasurer and Tax Collector saying that a lien has been recorded against me and i need to pay the unpaid taxes before August 31, 2009. This is regarding the two houses I had which went to foreclosure already last 12/13/2007 and 7/3/2008 respectively. I am getting this bill for tax year 2005 and 2006 respectively. I bought the house last 06/17/2005 and 05/19/2006 respectively. Am i liable this unpaid taxes? During foreclosure, isn’t the lender should clean and pay all the taxes to get the title cleaned up and ready to transfer to the rightful owner?
Below is the letter that I received:
The records of San Joaquin County Tax Collector show that a lien has been recorded against you pursuant to sections 2191.2 and 2191.4 of the California Revenue and Taxation Code.
From and after time of filing a Certificate of Lien for record, the total amount of unpaid tax, penalty and interest that is required to be paid constitutes a lien upon all real and personal property and/or business interest owned or that may subsequently be acquired by you.
To avoid further legal action by this department, we suggest that you pay, or contact this office to arrange for payment of your account, on or before August 31, 2009. Supplemental collection steps could include seizure and sale of your property and/or summary judgment.
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Please help how should i answer this as I really have no money to pay those unpaid taxes.
Thanks.
How come my original lender were able to sell it to a new buyer in Auction/foreclosure without cleaning or paying all the taxes due. My sister had a house foreclosed also in 2003 but she did not receive this kind of lien. Could it be a mistake from the county also?
I’d like to research these IRL and think that I should start at the county records offices. Plus any hints on possible costs associated with purchasing said properties.
I am selling my home in a short sale because I can no longer afford it and if it doesnt sell then I will be foreclosed on.
I dont have the cash to pay off the tax lien nor do I have another piece of real estate to move the lien to….so now what?
If title insurance already protects against:
- survey errors
- legal description errors
- negligence
- forgery
- liens
and negates the need for:
- zoning compliance certificate
- tax certificate
- hydro/water/gas certificates
- law society levy
what value does a real estate lawyer add on top?
Is it just for wading through the legalese in the Offer and the Agreement?
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
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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