Tax Sale Support - Best Tax Lien and Tax Deed Training

  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...

  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...

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...

  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...

  Are you looking to reclaim a property through tax deed redemption but don’t know where to start? Look no further. In this comprehensive guide, we will unlock the  secrets of tax deed redemption , providing you with all the information you need to successfully navigate the process. When a property owner fails to pay their taxes, the government can auction off the property to recoup the debt. However, even after the auction, there is still hope for the original property owner to reclaim their property through the process of tax deed redemption. This entails paying the delinquent taxes, plus interest and any associated fees, within a certain time frame. Our guide will walk you through the step-by-step process of tax deed redemption, from understanding the redemption period to calculating the amount owed and submitting your payment. We will also provide tips and strategies to help you maximize your chances of success. Reclaiming a property through tax deed redemption can be a co...