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COACHES BLOG, NEWS & UPDATES

Wednesday, December 21 2016
Locating Tax Sale lists

Locating Tax Lien and Tax Deed lists has changed dramatically over the past 20 years.  Prior to the internet, local newspapers were often the only place to obtain tax sale lists.  Fortunately, the internet has made it much easier to locate tax sale lists.  Using the best online resources, here are some tips for locating tax sale lists.

Posted by: Shade Ferre AT 02:00 pm   |  Permalink   |  0 Comments  |  Email
Wednesday, December 21 2016
Foreclosure and Tax Sale Investing

To understand tax liens and tax deeds, you really should have a sound understanding of the foreclosure process.  In this blog post we'll be discussing the differences between bank foreclosures, and tax foreclosures.  We'll also look into some of the benefits judicial foreclosures offer, as well as the misconceptions about bank foreclosures.  Click on the picture for the entire story.  www.TaxSaleSupport.com membership program and training.  

Posted by: Shade Ferre AT 04:00 am   |  Permalink   |  0 Comments  |  Email
Friday, December 16 2016
Q&A: Property for pennies on the dollar?

Is this what the infomercials mean when they say that you can acquire property for pennies on the dollar?

That’s exactly what they mean. To foreclose on a Tax Lien you must be current on all delinquent taxes that are owed. This may include other Tax Liens that were bought after yours. The first Tax Lien issued by the county will see the redemption period end at least one year before the next lien’s redemption period expires. If property taxes represent 1% of a property’s assessed value, then it’s possible to foreclose and acquire it for 4% or 5% of its assessed value.

If you have any other questions about this topic you can ask them in the comments section. Also ask any other questions you have about Tax Lien and Tax Deed investing below.

Thanks, Tax Sale Support  

Posted by: Tax Sale Support AT 08:48 pm   |  Permalink   |  0 Comments  |  Email
Wednesday, December 14 2016
Q&A: Tax Sale Buying Methods?

What are the different ways that Tax Liens and Deeds can be purchased?

Tax Liens and Deeds can be purchased using any of the following methods:

  • Attending the auction: This is the most common way to buy Liens or Deeds. The county will post a list of the eligible parcels starting 4 weeks before the auction in a local newspaper and website (if available). To participate you must register for the auction by providing the clerks with filled out and signed tax form for IRS earnings. Following registration you will be given a bidder number which you will use when placing bids.
  • Online Auctions: Online Auctions have become the new selling method for many counties across the United States. Online auctions can be used for Tax Liens, Deeds and Redemption Deeds. Interested bidders register online. Most online auctions require bidders to place a deposit with the hosting service. Online auctions allow investors to participate in tax sale auctions from the comfort of their own home. 
  • Over the Counter: This method involved going through county records for liens that were offered at previous sales, but never bought. Research of the available liens can be done on the internet, or at the county records building. Purchasing can be done by mailing certified funds to the county official responsible with the parcel numbers.
  • Secondary Market: In the past investors could only purchase tax liens or deeds from the county government. Recently investors can now purchase tax liens and tax deeds on the Secondary Market. The Secondary Market refers to liens or deeds that were purchased by large banks or investors at the auction and are reselling the lien or deed. Many time large banks that buy millions of dollars worth of tax liens will sell off the remaining inventory of liens at the end of the redemption period. This means that as investors

If you have any other questions about this topic you can ask them in the comments section below. Also ask any other questions you have about Tax Lien and Tax Deed investing.

You can also receive your Free copy of the eBook seriesTax Lien Investors Secrets” by CLICKING HERE

Thanks, Tax Sale Support  

Posted by: Tax Sale Support AT 09:13 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, December 13 2016
Q&A: Check out Property before Auction?

Hello, I had a question that I get asked a lot. And I thought the answer might be valuable to Investors that follow my Blog.

Question: Should I check out the Property before it goes to the Tax Deed Sale?

Answer: Great Question, thanks for your interest. Yes for Tax Deed Investing I always recommend checking out the property in Person for property with Structures or buildings. With tax lien investing, I don’t think you always need to have someone examine the property for you. But you will want to verify the value of the property with tax liens. You can sometimes invest in building lots without physically examining the property. But if the property has a structure, its import to check out the property before bidding.

Checking out the property before the sale helps you determine the value and the condition on the property. The condition of a property will help you determine how much you should bid on the property. Also, there are several ways you can check out the property before the auction takes place. First, if you are able to see the property in person that is always the best option.  If that is not possible due to distance and travel, then you will want to have someone else examine the property for you to take current photos.  There are a few ways you can find someone to do this for you. You can contact a real estate agent and see if they will examine the property for you. You can let the agent know you will list the property with them after you have purchased it. You can even offer them a higher commission rate if they will help you in examining the property. Second you can have a family or friend do on onsite evaluation on the property for you. If you don’t have any family or friends in the area of the property, then another good way is to find a local investor that will do it for you.

You can search local investor clubs and websites looking for someone that would be willing to check out the property for you. If none of those options are available to you. Then you can hire somebody to take current photos of the property for you. There are a couple ways you can do this. First there is some companies available online that you can hire to take photos the property for you. Also you can put a craigslist’s ad, or use a classified ad service and find somebody to take the photos for you. Many times you can find a college student or someone looking to make a few extra bucks. Those are the most common methods that we have used in checking out the current condition of the property.

If you have any other questions about this topic you can ask them in the comments section. Also ask any other questions you have about Tax Lien and Tax Deed investing below.

Thanks for the question, Stephen

Posted by: SJ Swenson AT 03:30 am   |  Permalink   |  0 Comments  |  Email
Sunday, December 11 2016
Q&A: Property owner has a mortgage?

What if the property owner has a mortgage?

In 99% the tax sale foreclosure process removes all encumbrances including mortgages.

Why would the Lender let that happen?

Most of the time the lender won’t let it happen. The lender may not be aware of an outstanding lien. Many people with mortgages have their property taxes included with the monthly bill.

However, it is becoming increasingly common for new loans to defer property tax responsibilities on the borrower. The foreclosure process consists of notifying anyone with interest in the property about the delinquent amount and the impending foreclosure. Foreclosure laws give the recipients of all certified letters a brief period to pay off the delinquent amount. Most lenders promptly pay off the past due taxes to avoid losing the property. A number of different circumstances can lead to foreclosure on properties with loans. Properties with loans against them are among the safest investments available.

If you have any other questions about this topic you can ask them in the comments section. Also ask any other questions you have about Tax Lien and Tax Deed investing below.

Thanks, Tax Sale Support  

Posted by: Tax Sale Support AT 08:30 pm   |  Permalink   |  0 Comments  |  Email
Saturday, December 10 2016
Q&A Post: What is a Tax Deed?

What is a Tax Deed?

Tax Deeds are enforcement system that many counties use to collect delinquent property taxes. Counties that use Tax Deeds instead of Tax Liens don’t create liens every year. When a property owner becomes delinquent on their taxes, the county begins the redemption period for the property owner. This redemption period can vary from 1 to 5 years depending on the state. If the property owner hasn’t settled the delinquent amount when the redemption period passes, the county will foreclose on the property. Following foreclosure, the county will hold a public auction where it will sell the property to collect the delinquent taxes. Bidding for the property typically begins at the total amount of all past due taxes, but ultimately goes to the highest bidder.

If you have any other questions about this topic you can ask them in the comments section. Also ask any other questions you have about Tax Lien and Tax Deed investing below.

Thanks, Tax Sale Support  

Posted by: Tax Sale Support AT 08:30 pm   |  Permalink   |  0 Comments  |  Email
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