Tax Lien Homes For Sale

Homes For Sale - Tax Lien Homes For Sale

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Tax lien homes for sale can mean one of two things. 1) The government has attached a lien (certificate) against a taxpayer's asset due to taxes not being paid on time; meaning the government will sell a certificate to the highest bidder who then will pay the asset taxes for the owner who can not or will not. This certificate gives the investor the right to collect total amount owed by the asset owner and any penalty interest the asset owner must pay for not paying his debt on time. A certificate gives an investor No asset ownership what so ever. 2) The government after a predetermined duration of time is up waiting to be paid on taxes that are over due; is selling a non-paying owners asset to the highest bidder to get the tax money one way or the other. This transaction Is called a deed sale and entitles the winning investor full ownership ownership to the asset in question.

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Homes For Sale

Basically put the reckon this type of investing can be so lucrative and at the same time be so safe is do to the fact that if an owner does not pay taxes on or before a sure deadline, the owner will have his asset sold out from beneath him by the government. So over 98% of owners end up paying their taxes. Manufacture this investment one of the safest investments going. If they do not pay, you the investor may be able to take ownership of the asset for a fraction of what it is worth. Maybe 25%, or 35% off and in ultimate cases you may be able to buy the asset for 70% - 80% less than the value it is worth, now that's a deal.

What if the non-payer ends up paying his bill (remember the 98%+ that do) what happens to the certificate owner then? This investor once the delinquent non-payer settles his late tax bill will return the certificate to the government who has not only collected the back money owed but has collected interest that the late payer had to pay you the investor for originally exterior the tax cost due and settles up with you. So you get your preliminary investment back plus a nice added interest fee that can be 14%, up to 18% or more of the bill depending on the legal terms predetermined by state government. When done correctly it can seem like taking candy from a baby.

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