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Tax Lien Sale Opportunity
By dhinternational / August 26, 2014 / Comments Off on Tax Lien Sale Opportunity
Basically in a tax sale, you purchase a property owner’s tax lien certificate because he failed to pay his real estate taxes. The US law states that he must pay you between sixteen percent and as high as fifty percent in interest. Furthermore, in many cases, he must pay you back within six months redemption period or longer.
If the property owner cannot pay you back within the redemption period, you get his home free and clear. You also have the option to resell the property for more profits. Your cost just usually amounts to a small percent of the property’s market value. This make tax lien investing such an extraordinary opportunity.
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