Apr 09

What is a Real Estate Tax Deed?   To understand what a tax deed is, let’s back up and review how the tax sale is formed.  Property taxes are imposed to help pay for cities, schools, and more.  The entities depend on that revenue to meet their budget.

When property owners do not pay their taxes the entities still need the revenue. They do what they can to collect the back taxes, but sometimes all efforts are in vain.  When this occurs they turn to investors for help.

The county will create a tax deed and sell it through an auction.  The starting bid is usually the taxes owed plus fees.  There are often fees added on top of the bid in addition to the winning bid.

The auction styles vary, but the price is bid up until the highest bidder wins.  The winner of the auction will receive a deed in the mail usually within three weeks.

Some of the tax deeds have a redemption period where the owner that lost the property can pay the starting bid plus a set interest amount within a specified period of time.

Tax deeds are not offered at all tax sales.  There are other instruments that can be offered at tax sales like tax liens which I will cover in another post.  There are also auctions that are closed to the public. The tax deeds are only sold to banks and other large financial institutions in bulk.

If you are interested in getting started in tax deed investing then visit http://BankREOTraining.com to learn how to get started.

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Dec 15
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Tax sales are another niche that seem to stay under the radar from most investors.  It is a way to get real estate for much less than the value or, get paid without every owning real estate.  These articles explain some of the techniques.

What To Avoid With Tax Liens

What to avoid with tax liens. Tax liens are created when a property owner fails to pay their property taxes. The county places a lien on the property for taxes owed plus fees and interest. The county will often auction the liens off to investors in order to get the back taxes paid quickly.

You may already know how profitable tax liens can be to a investor, but they can also be a nightmare if you are not careful with your due diligence. Here are just a few things to check before purchasing a tax lien.

Is the lien coming from the county or state or is it coming from a third-party. If you are purchasing the tax lien directly from the county then you can be assured that it is a legal lien. Counties do not do the research for you. You will still need to find out what other liens on are the title before purchasing the liens.  –more

How To Find Out About Tax Sales

How do I find out the tax revenues that are coming into your country? There are three ways I know to find the sales tax free or nearly free.You possible in the newspaper, go to the tax collector, or go to a site that sells lists of sales tax.

The first way to discover the tax revenue is coming up in your area to view the legal notices in local newspapers. Most of the districts a notice of tax sale on the spot, and the list of properties thatoffered for sale in a local newspaper halfway between two and four weeks before the sale. This method is not entirely free, because you buy the paper. You must also know when to hold the sale so that you know when you start looking for him.

A better way to find out when and where the sales tax is required, the tax collector, or is responsible for sales in your country is to call and ask. Most of the time, this is the county treasurer or tax collector, but sometimes taxThe sales are made) from the sheriff’s office (particularly in certain countries, in fact.   –more

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