I was told that you can get 15 to 25 % interest within 6 to 12 months with a tax lien.?
May 28, 2009 in
Questions And Answers
Does anyone know the name of this program? All I heard is that you put up so much money to help people pay the payments on the home and the government will guarantee you either 15 to 25 % or you will own their home. How can I find this and what strategy should I use to invest?
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One comment
Vibe on May 28, 2009 at 9:05 pm
It actually isn't a scam. What you need to watch out for are people who give you poor advice. These people are usually poor them selves.
I currently hold three Tax Liens Certificates.
Yes they do pay out 12-50% the fifty percent is in some counties in michigan and texas on the second year.
Just about every county has a department that takes care of them. You need to contact your county tax collector you need to ask the right questions however or people the receptionist many not know what your talking about. You will need to have them send you a list of deinquent tax properties and then pick the lien or liens that you what. Send a check with the amount to cover the delinquent lien and then after 1-3 years, depending on the the time frame for that county to have the tax payer make taxes current you will recieve a check with interest. If you have other questions about it email me at the website below, I can tell you a good book to pick up that tells you everything you need to know.
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