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Finding Out Tax Deeds and Lien Sale
Once you have decided in which county to invest your hard earned money, you need to find out where and when the tax sales are going to take place. This is one of the first things you must do in order to purchase tax deeds and liens.
So, how are you going to find out the tax sales? You can call the tax collector’s office and ask about the sale. Ask them also if there is any information you can gather online from their website. Google is also a good source of getting information on tax sales. Type in the county name, together with tax sale, and check for an upcoming auction near your area.
What Makes Tax Lien Attractive?
Tax sales are an attractive real estate investment opportunity which is beneficial to both investor and property owner. But what happens if the homeowner doesn’t pay his tax debt during the redemption period? There are times where the homeowner totally disregards his payment obligations to the property. This happens seldom only but the government finds a solution by generating a tax deed of the property. After the redemption period ends and still the debt are not paid, the lien holder can apply for a tax deed. Through this the tax lien certificate investor is given the right to ownership to the property. He can either flip it for more profits or keep it.
Another thing that makes tax lien properties attractive is the guaranteed security which is backed by the government. Hard earned money would never be wasted this way. Furthermore, many of these tax sales are based on a public bidding system, in which anyone can potentially win a profitable property. The property is owned by whoever wins.
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- Exactly How To Start Buying Tax Liens Today
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- How To Avoid The Mistakes New Tax Lien Investors Make
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