Posted by Jack Preston in Uncategorized, tags: business, family, general, homes, investing, real estate, real estate investing, Real Estate Properties, tax deed sales, tax foreclosure properties, tax lien certificates, tax liens, taxes, Uncategorized
Properties can have tax liens placed upon them when the owner hasn’t paid off the tax debts owed the state and/or federal government. The government entities responsible for collecting said taxes will try to make contact with and inform the owner of their debts several times before enforcing tax liens upon their properties. If this were the happen the owner would still have several options for paying off their taxes and getting their properties released from the tax liens.
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Posted by Robert Bruce in Uncategorized, tags: business, family, general, homes, investing, real estate, real estate investing, Real Estate Properties, tax deed sales, tax foreclosure properties, tax lien certificates, taxes, Uncategorized
When borrowers default on paying off their mortgage loan, their houses become tax foreclosure properties. In these cases, a court order is obtained to terminate the mortgage and the buyer’s equitable right of redemption. The property is sold at a greatly reduced priced or auctioned. Foreclosure investment refers to buying homes that were foreclosed. These homes are often priced at 50 percent below their market value.
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Tax foreclosure properties are properties that are sold to investors of the open market. These come about when an owner fails to pay their real estate or property taxes that are related to the residence they own after three years. The home is then allowed a two year redemption period in which the owner is expected to pay what is due or face severe penalties. If the account is not made current within the two year period, then the property is deeded to the county. These homes are then placed in auction and sold to the highest bidder. The new buyer holds the rights to the property, as long the tax liens are not paid.
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