Unique Investment Suggestions found Below
The investment info right here on tax liens and deeds is really worth your time to check out and read.
Right here is a sample of the wisdom found there:
Investing in tax liens began in the United States soon after the country was established. A tax lien is simply an obligation that the local government (county, city or other local challenging authority) places on real estate if the local property taxes are not paid. A tax lien investor gets a tax line certificate from that local government for the amount of the delinquent taxes, giving the investor a return of each one of the original investment plus interest when the delinquent taxes and interest are ultimately paid on the property. If those delinquent taxes are not paid the tax lien investor has a lien on the property that allows that investor, after a legal process managed by State law is carried out, to get ownership of that property.
The end result is that when investing in tax liens you either get all your original investment returned plus interest or you get the property at a cost of the unpaid taxes and fees. In summary, every property is taxable, this property tax is due at a minimum of every year. If the property owner fails to pay the tax, the county sells a tax lien certificate to any kind of investor who will pay the taxes.