Protect Your Tax Lien Certificate and Deed Investment

By dhinternational  /  September 22, 2014 / Comments Off on Protect Your Tax Lien Certificate and Deed Investment

Protect Your Tax Lien Certificate and Deed InvestmentNow that you know how to purchase a tax lien certificate or tax deed at a sale, do you know how to protect your investment? What are the next steps you need to take in order to keep it safe? Read on for information so that to make sure your investment is profitable.

First you need to record your lien or deed in the county records office. Neglect this task and your investment would be deemed worthless. Some states in the US do this for you but for a recording fee when you buy your lien or deed at the sale. Though in most states, you would be the one responsible to do this and do it quickly to avoid future problems. You would need to wait until you’re going to have the lien certificate or deed. Then, send the original document together with the recording fee to the proper office in order to be recorded with the county records. Recording fees differ depending on the county and state. Remember to do this because if you fail to send the payment, your lien or deed may be sent back to you without being recorded.

Before sending your document, make a copy of it. This way if in case the valued document is lost, you have proof of it and may get it replaced. Also, you would have a copy of your document if anything happens to the property. Remember to send your document via certified mail and with a return receipt. After the county records your document, it would be sent back to you, then put it in a safe place.

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