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What is Tax Lien Investing - Tax Sales Support

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  Are you looking for a lucrative investment opportunity that offers high returns? Look no further than tax lien investing! In this article, we will explore the ins and outs of tax lien investing and how you can profit from this often overlooked investment strategy.   So, what exactly is tax lien investing? When property owners fail to pay their property taxes, local governments can place a lien on their property. To recoup the unpaid taxes, these liens are sold to investors. As an investor, you essentially step into the shoes of the government and can earn interest on the unpaid taxes.   Tax lien investing can be a great way to diversify your portfolio and generate passive income. With potential returns ranging from 8% to 24%, it's no wonder why more and more investors are turning to tax lien investing.   In this article, we will delve into the benefits and risks of tax lien investing, as well as provide tips on how to get started. So, whether you're an experienced...

Best Choice for Tax Lien Investing — Tax Sale Support

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  Are you considering tax lien investing but feeling overwhelmed by the complexities of the process? Look no further than Tax Sale Support to guide you through every step of the way. With our expertise and dedication to client success, we ensure that your tax lien investment journey is not only manageable but also highly profitable.   Here's why Tax Sale Support stands out as your top choice:   1. Comprehensive Guidance : We provide comprehensive guidance on tax lien investing , from understanding the intricacies of tax laws to navigating auctions and acquiring profitable liens. Our team of experts is committed to empowering you with the knowledge and tools necessary to make informed investment decisions.   2. Tailored Strategies: Recognizing that every investor has unique goals and preferences, we offer personalized investment strategies tailored to your specific needs. Whether you're a seasoned investor or new to the game, we ensure that our approach aligns with y...

What are OTC Tax Sale Inventory and Local Land Banks? — Tax Sales Support

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  The term " OTC Tax Sale Inventory " refers to properties that have been foreclosed upon due to unpaid property taxes and are subsequently available for sale to the public through Over-the-Counter (OTC) auctions or sales. When property owners fail to pay their property taxes for a certain period, typically several years, local governments have the authority to foreclose on the property and sell it to recoup the unpaid taxes.   The OTC process allows these properties to be sold directly to interested buyers, often at discounted prices or through competitive bidding. These sales are usually conducted by county tax authorities or other governmental agencies responsible for managing tax foreclosures.   Local Land Banks , on the other hand, are entities established by local governments or community organizations to acquire, manage, and repurpose vacant, abandoned, or tax-delinquent properties for the benefit of the community. Land banks aim to revitalize neighborhoods, promot...

Things Should Know About Tax Deed Sales and Tax Deed Sale issues? — Tax Sale Support

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  Tax deed sales  can be complex transactions with potential pitfalls for the unwary. Here are some important things to know about tax deed sales and common issues associated with them: 1. Due Diligence is Key:  Before participating in a  tax deed  sale, it’s crucial to conduct thorough due diligence on the properties you’re interested in. This includes researching the property’s title history, outstanding liens or encumbrances, physical condition, and potential for profitability. 2. Risk of Title Defects:  Tax deed sales transfer ownership of the property, but they do not always guarantee clear title. There may be hidden defects in the title, such as undisclosed liens or errors in the foreclosure process, which can lead to legal disputes down the line. 3. Redemption Rights: In  some jurisdictions, property owners may have a redemption period after the tax deed sale during which they can reclaim the property by paying off the delinquent taxes and other...

A Guide on How to buy tax deeds?, including OTC tax deeds – Tax Sale Support

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Over-the-Counter (OTC) tax deeds  refer to properties that have failed to sell at a tax auction and are subsequently made available for purchase directly from the county or municipal government. When properties don’t sell at a tax auction, they become part of the county’s inventory of delinquent properties. These properties can then be sold directly to interested buyers through an OTC sale. Here’s a Guide on how to buy tax deeds, including OTC tax deeds: 1. Research:  Start by researching properties available for sale through OTC channels. Many counties have websites where they list these properties, along with relevant information such as location, assessed value, outstanding taxes, and any other liens or encumbrances. 2. Due Diligence:  Once you identify a property you’re interested in, conduct thorough due diligence. This may include visiting the property, assessing its condition, checking for any outstanding liens or mortgages, and estimating repair costs. 3. Finances...

What are Tax Lien Properties and Tax Lien Investments? — Tax Sales Support

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  Tax lien properties  are real estate properties on which the owner has failed to pay property taxes. When property taxes remain unpaid for a certain period, the local government may place a lien on the property. Investors can then purchase these tax liens through a public auction. The winning bidder pays the outstanding taxes on the property, and in return, they receive a lien certificate. This certificate typically entitles the holder to collect the overdue taxes, plus interest and penalties, from the property owner. If the property owner fails to pay off the lien within a specified redemption period, the investor may have the right to foreclose on the property and take ownership. Here are some reasons why investors may consider investing in tax lien properties: 1.  Potential High Returns :  Tax lien investments  can offer high returns, often in the form of interest rates that are significantly higher than those offered by traditional investment vehicles such...