Tax Lien Sales Online » Investors

Tax Lien and Assignment Sale HELP needed by Attorneys and Investors!!!!?

Tue, 28 Dec 2010 19:41:08 +0000

Question by DJ19: Tax Lien and Assignment Sale HELP needed by Attorneys and Investors!!!!?
Well the tax sale auctions are coming up and I’m in Maryland and in my city if they don’t sell a property in the tax sale it goes up to an assignment sale.

1. Can an assignment sale (which you must pay at least one years premium of 18%) be put it directly in foreclosure?

2. What are the cost involved in getting it into foreclosure?

3. What legal documents are required for me to begin foreclosure?

4. What legal documents are required for an assignment or tax lien sale?

Thank you for your time and Thanks for answering any and all questions!

Best answer:

Answer by Mark Powers
www.craigslist.com

Know better? Leave your own answer in the comments!

Tax Lien Investing: From the Field

Sat, 23 Jan 2010 11:44:37 +0000

In April I went to a tax sale in New Jersey. Here?s what I noticed at this tax sale. There were more properties available than last year, but there were also more bidders. A couple of institutional buyers showed up who don?t normally come to this particular tax sale. At least they weren?t there in 2007 and 2008. And there were also a couple of new companies that I haven?t seen before, after talking to them I learned that one of these companies just started earlier this year and the other is into tax lien investing again after being away from it for a few years. There were also a couple of new investors just checking on what this tax lien investing thing is all about as well as the usual crowd.Most of the ?good? properties ? by good, I mean safe properties, properties that you know are going to redeem and have a decent looking structure on them, went at premium, except for one that went for 1%. There were a few parcels of vacant land and one trailer that went from 17% to 18% and there were a few pieces of undesirable vacant land that went to the township. There was one very large lien (over $60,000) that originally was struck off to the township, but one of the investors got it at 18% after the tax sale. It was a corner lot with some old barns on it.I went to this sale in order to pay the subsequent taxes on two of my liens to keep them out of the tax sale, and to see if I could pick up another lien. I was able to get a lien on a nice building lot for 18%. The lien was for around $2600.

Investing in Tax Liens: What if I’m in a Deed State?

Wed, 06 Jan 2010 12:57:06 +0000

Frequently I get asked this question: “I really want to start investing in tax liens, but I live in a deed state. Should I look into investing in tax liens in another state, or try to invest in tax deeds in my own state.” In this article I’ll give you what I recommend for investors want to invest in tax liens, but find that in their state they only sell tax deeds. It’s not a one-size fits all answer, it really depends on what your goals are and on your particular state.You really have two options, either find a way to invest profitably in your state, or look at some of the online tax lien sales; you may even want to do both. First, find out what goes on in your state. Are there many deed sales? How often are the tax sales? How many properties are available and how competitive are they? You will actually have to go to some tax sales and see what they are like.Some states just don’t have very much available, if that’s the case; you may want to try the online tax lien sales. Other states may be very competitive and properties may get bid close to market value. If that’s the case there is still a way that you may be able to profit from tax deed sales in your state. Some counties give the excess proceeds – that’s the amount that’s bid in excess of the minimum bid amount, back to the owner of the property. Here’s how the excess proceeds strategy works in a nutshell. Instead of waiting for the tax sale you contact the owner of the property before the sale and see if they are going to let their property go for back taxes. If they have already decided to walk away from the property, perhaps they would be willing to give you a quitclaim deed to their property for a small fee. You record the deed with the county clerk a few weeks before the tax sale. Let the property go to tax sale and after it is sold you apply for the excess proceeds. This strategy only works in a few deed states that give the excess proceeds back to the owner of the property – not all deed states do this. So before you try this strategy check with the county tax collector or county treasurer and make sure that the owner of record of the tax delinquent property can apply for the excess proceeds from the sale. Also you do have to check for any other liens, since you are buying the property from the owner and not purchasing the deed at the tax sale, you will be held responsible for any other liens on the property.

Joanne Musa is a tax lien and tax deed investing expert who helps investors buy profitable tax lien certificates and tax deeds. You can find out more about the excess proceeds strategy of tax deed investing and get a Free mini-course at http://www.TaxForeclosureFortunes.com.

Any Small Investors Have Good Luck At Tax Lien Sales?

Mon, 21 Dec 2009 13:46:19 +0000

In KY the laws regarding tax lien sales to favor the institutional investors. I went to a sale on Tuesday and they cancelled it before it started due to an institution submitting a pre-auction bid to buy all of the tax liens. I was furious.