Tax Lien Sales Online » Tax Lien Sales

How can you learn to evaluate and appraise property being auctioned for tax deed and tad tax lien sales?

Tue, 28 Dec 2010 19:32:49 +0000

Question by joan: How can you learn to evaluate and appraise property being auctioned for tax deed and tad tax lien sales?
Northern central Florida is the immediate area of interest. Currently I have no resources for buying, fixing and selling. Looking to buy decent property as is at tax deliquent auction at a price I can make a profit

Best answer:

Answer by DJ
Look at the surrounding area and see if any homes are listed for sale, check real estate trends, condition of the property, location. Location is critical. People will pay a premium if the home is in a nice neighborhood. Get an appraisal book from the library if you want to learn more specific details. Or you can pay an appraiser a small fee to give you some pointers for your area.

Give your answer to this question below!

How can I get a Tax Lien Sales list for Wisconsin without joining a site?

Tue, 28 Dec 2010 19:32:46 +0000

Question by lilyvix2: How can I get a Tax Lien Sales list for Wisconsin without joining a site?
I need to get a Tax Lien Sales/Auction list for Sawyer County Wisconsin, but I don’t want to pay to join a site. Can you help me?

Best answer:

Answer by Dawg
contact your local IRS office they can send you in the right direction and let you know if they advertise the auctions in the local paper or other local publication

Know better? Leave your own answer in the comments!

Tax lien sales shock, dismay

Tue, 28 Dec 2010 19:32:44 +0000

Tax lien sales shock, dismay
Tax lien sales shock, dismay
Read more on Atlanta Journal-Constitution

U.S. Consumer Confidence Deteriorated in December
Separately, the latest housing report showed that prices in 20 major cities declined 1 percent in October, faster than the 0.6 percent drop expected.
Read more on New York Times

Consumer confidence slips as home prices decline
Consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy’s recovery.
Read more on Reuters via Yahoo! News

U.S. consumer confidence slips as home prices decline
U.S. consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy’s recovery.
Read more on Reuters via Yahoo! News

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.

Buying Tax Liens Online

Sun, 03 Jan 2010 15:16:48 +0000

What if you are really interested in buying tax liens, but you don?t live in a state that has tax lien sales, and you don?t live within driving distance of a state that does sell tax liens? One alternative to buying tax liens at a physical auction is to participate in the online tax sales. Only a few states have tax lien sales online, but fortunately each state that does have online tax sales conducts their sale at a different time of the year. So you can participate in an online tax lien sale somewhere in the United States in almost any season of the year.There are only 5 states that have tax sales online; they are Arizona, Colorado, Florida, Indiana, and Maryland. Even in those states, not all counties have online tax sales. You can find a list of these counties with links to the tax sale websites, and other details about their tax sales in my ?Guide to Buying Tax Liens Online? on the members area of TaxLienLady.com. The online tax sales are very different in each state, but they do have a few things in common.You need to register for online tax sales days or in some counties weeks ahead of the actual sale. You register for the tax sale and bid on the properties online. You are not actually bidding on the property, but on the tax lien certificate that is being auctioned. These sales usually require a deposit, and some of them have a non-refundable registration fee. Payment for the liens that you are successful bidding on is required within a day or two of the close of the tax sale for tax sales that use wire transfers as the method of payment. For tax sales that use ACH Debit as the method of payment for tax liens, you usually have to pay the day of the close of the tax sale. For these tax sales, you agree before hand to allow the county treasurer to debit your account for the tax liens that you purchase.These counties make it easy for you to register and bid online. The hardest part of buying tax liens online is doing your due diligence for the tax sale properties. Unless you purchase a tax sale list from a tax sale list provider, or in some cases from the county, you don?t always get to see the list of properties that are in the tax sale. Instead the properties are listed individually or in batches by an id number and you have to click on the property number to get the rest of the information on the property. For some counties there is very little information given about the property. This is where buying a detailed or enhanced list, with all of the assessment information for the property can me very helpful.

Joanne Musa works with people who want to build an extremely profitable portfolio of tax lien certificates or tax deeds FAST. You can find out more about buying tax liens online in my Guide to Buying Tax Liens Online. It?s a free bonus for you when you try the members area of TaxLienLady.com. To find out more about the extra bonuses that you get when you try the members area of TaxLienLady.com go to www.TaxLienLady.com/Membership.htm.

Tax Deed Sales Vs Tax Lien Sales, A Rundown Anyone?

Sat, 02 Jan 2010 11:12:58 +0000

I am a newbie investor in Chicago. The Cook County annual tax sale is in progress and I would like to look on only this year. Can anyone give the basics as above, and also anyone made any money from buying these?

Should I Invest In Tax Lien Sales?

Fri, 01 Jan 2010 10:44:37 +0000

are these tax lien sales worth investing in and can i make some good money doing it?

Tax Lien Sales – Guide That Explains The Secrets Of Tax Lien Investing?

Wed, 30 Dec 2009 13:06:09 +0000

Understaning Bidding Methods When Buying Tax Lien Certificates

Tue, 29 Dec 2009 12:03:19 +0000

Tax lien sales have many different variations. The statutes vary by state. In many areas, the rules will also vary at the county level.

One of the most important things that you need to remember when buying tax lien certificates at a tax auction is understanding the method by which the county determines who is going to buy the tax lien certificate. In some areas, this is determined by the investor bidding down the interest rate for the lien. In many other areas the county will sell the liens on a percentage of ownership basis. In other jurisdictions, the county uses a round robin procedure to determine the winner of the auction. In this article, I will explain the differences between the methods and the advantages and disadvantages of each method.

The most common type of auction is the bid down auction. The auctioneer simply starts the bidding at the top rate for that jurisdiction and then the rate is bid down until the lien is sold. In certain areas, investors can make up for a low rate by paying subsequent taxes and through minimum rate guarantee statutes.

The advantage of the bid down method is you can easily bid on the exact lien that meets your needs. You also don’t have any possible co-ownership scenarios that can make it difficult to file foreclosure and take full possession of the property.

In other states, it is on a percentage of ownership basis. What this means is that the interest rate remains flat, but in the event of foreclosure, the investor and the property owner become co-owners of the property. The initial bid is with the investor at 100% and it goes down until the lien is sold.

This method is great for high interest rates. Iowa uses this method, which means that you are guaranteed a very nice 24% rate. The problem with this is that if you end up as a co-owner with the taxpayer, you may have an expensive legal hassle on your hands to actually take possession of the property.

In other states, the bidding is on a round robin basis. In these areas, the auctioneer offers the lien around the room until someone buys it. They are always at the maximum rate allowed by statute.

In round robin states, you get a nice guaranteed rate of return on your tax lien certificate, and don’t have to mess with the co-ownership issue. However, in round robin states, it is much more difficult to actually get the liens that meet your needs. If you decline during your turn, then you have to wait for luck of the draw to see if you get the lien that you want. If you are a big money investor, then it’s not that big of a deal because you can buy a lot of different liens. But as a smaller investor who can only afford a couple of the liens on the book, this restriction can be very limiting.

As you can tell, the bidding procedure is something that is very important in the tax lien research process. With proper planning, you can wade through the minefield and reap great rewards!

Carlos Scarpero is an experienced real estate investor who specializes in land. On his blog at http://www.scarpero.com/real_estate, he discusses innovative and creative real estate strategies to make your real estate investing more profitable.

21st Century Tax Lien Investing-four Reasons to Start Today! Part 1

Mon, 28 Dec 2009 10:27:22 +0000

Reason#1-Internet Tax Lien Sales: