Buy Tax Foreclosure Property Outside of the Sale

By dhinternational  /  January 28, 2013 / Comments Off on Buy Tax Foreclosure Property Outside of the Sale

Buy Tax Foreclosure Property Outside of the SaleIt cannot be denied that tax foreclosure property is a great investment. However, it could become a losing proposition if you do not purchase property at the right place and time. You need to learn to purchase after the tax lien and tax deed sale if you really want to get nice profits from tax foreclosure properties. Here is what you are going to do.

There has been an influx of new real estate tax sale investors in the recent years. This makes the competition high among them, plus the probability of losing proposition to purchase properties at the sale. You can’t also inspect properties beforehand. Even if you do get one, money might be wasted on a property that is not profitable.

You must realize that it is very simple to purchase a tax foreclosure property outside of the sale. This is because the homeowners are the resource to go to. Keep in mind that time is very essential to earn profits after the sale. Lots of homeowners don’t give up easily in paying off their tax dues during the redemption period. They think that they would somehow come up with the cash. But after the redemption period, those that still do not have the money, is facing foreclosure and would most likely lose everything to the government. This is the right time for you to jump in and offer a price for their property.

Quickly make a deal to buy their deed for a cheap price. You would be amazed that some of them would agree to your offer. For them, it is better than nothing. You can also flip the property if you do not have the money. Just put a right price for the property and buyers would be easily coming in. You would then see of profits coming your way from tax lien properties.

Take Advantage of Tax Sale Overages

By dhinternational  /  January 22, 2013 / Comments Off on Take Advantage of Tax Sale Overages

Take Advantage of Tax Sale OveragesIf you are an investor who is looking for a highly profitable business venture, you’re surely going to like tax sale overages. You can make lots of profits every year collecting overages in behalf of the homeowners. You can even do this with minimal experience in the real estate industry.

You can just imagine when foreclosure properties are auctioned off to the public, there are overbids created because of excess bids than was owed in taxes over a property. These tax sale overages are due back to the homeowners. However, some of them, most of the time do not realize this. They think that they have lost everything due to foreclosure. Then, some relocate to a new location leaving their money behind. The government eventually seizes it because of nobody coming in to claim.

Your role in this type of scenario is to be the agent who is going to locate the owners and help them getting their money back. At the same time you’re getting huge profits by charging them with finder’s fee. Your assistance and information means a lot to them and they would gladly pay for your services. So, start immediately and take advantage of the tax lien sales happening around you. This is your chance to make lots of money.

Tax Foreclosure and Mortgage Foreclosure Differences

By dhinternational  /  January 18, 2013 / Comments Off on Tax Foreclosure and Mortgage Foreclosure Differences

Tax Foreclosure and Mortgage Foreclosure DifferencesThe process of tax foreclosure is quite similar to mortgage foreclosure but the thing is they are really different to each other.  Homeowners and real estate investors must be aware of this.  In a tax foreclosure scenario, the bidder only pays for the homeowner’s delinquent property taxes so that he can take control of it.  While in a mortgage foreclosure, the decision may be final for the new owners to evict the former ones as fast as the local laws allow.

A homeowner must keep in mind that an unpaid tax bill turns into a lien against his property.  In many US states, tax liens are given first priority ahead of any other form of liens, which include mortgage lien.  That is why it is very important for the homeowner to settle delinquent property taxes in order to avoid foreclosure problems.

Another difference of tax foreclosure to a mortgage foreclosure is in defending it.  Mortgage foreclosure involves dispute between the homeowner and the lender.  Defending the issues in a mortgage foreclosure are to be resolved oftentimes outside of court.  As for tax foreclosure, it involves issues between the homeowner and the local county.  Disputes in tax foreclosures are settled in court, which costs a lot in lawyer’s fees.

Great Profits Coming from Tax Sale Properties

By dhinternational  /  January 14, 2013 / Comments Off on Great Profits Coming from Tax Sale Properties

Great Profits Coming from Tax Sale PropertiesEvery year there are over a thousand lists of tax sale properties for sale, both for liens and deeds.  Many mortgage companies and tax servicing businesses were given with these tax sale property lists.  Now these lists are readily available at affordable rates for the general public to utilize.  The lists can also be bought online which is one of the services of the companies.

Taxing authorities sell these delinquent properties.  Selling of tax delinquent properties are created when borrowers fail to pay their property taxes.  This is when tax liens are placed on the properties until the borrowers pay the back taxes in due time.  Properties are then auctioned to interested buyers.  Winning buyers can potentially own a property when the right time comes, if still no payment was made by the homeowner.

Tax sale properties are great opportunities for real estate investors because of getting more profits.  Investors can either own a property or flip it for more profits.  It is probably the fastest form of public auction and is easier than the others.  Anybody who is capable of owning a real estate can register at the tax deed auction or tax lien sale, and participate in the bidding process.  If the owners do not redeem their properties in time, investors would happily own properties for less than the fraction of its market value.

Guide to Tax Sale List Information

By dhinternational  /  January 3, 2013 / Comments Off on Guide to Tax Sale List Information

Guide to Tax Sale List InformationAcquiring a list of tax sale properties is one of the most important things that you need to do in order to purchase profitable tax deeds and tax liens.  You can get the list from the municipality or county office for free.  You can also get it online from the tax collector’s website.  Crucial information such as how to register for the tax sale, date, and where it is going to be held can be obtained from the list.

You must be aware though that there are times where the tax sale list does not include the address of the properties.  However, such information as the annual taxes, amount owed, record owner, and property tax identification number are available.  You can make use of these but make sure to do your homework on other data too.

If you really want to get all the necessary information on a tax sale list, then purchase one from a list provider.  They are important also in your goals for they can provide the property classification, mortgage data, and other pertinent information that you can make use of.  It also helps to acquire their services because they can assist you in your property investment plans.

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