Tops Things to Know About Buying Tax Lien Certificates Online
When a homeowner defaults on property tax, a lien certificate is issued by the local tax authority. To continually provide revenue for the municipality to fund civil services, the public can buy tax liens online or onsite. When sold, the government has the money, while the homeowner is given an allowance to pay the delinquent tax. The buyer, and holder, is then entitled to collecting the investment which is the entire amount paid for back taxes, plus the accrued interests or profit upon settlement of the defaults. Investment Portfolio – Buy a Tax Lien When it comes to starting or diversifying your investment portfolio, lien certificates are perfect choices to begin with. Even with just a small capital, anyone can already start buying tax lien certificates online. This small investment can already earn you a good amount of monthly interest compared with investing with banks, with low to no risk. Secured by the real estate and approved by the government, you can never be any safer. How to Buy a Tax Lien Home Certificate There are tens of thousands of tax entities that make up the U.S. including counties and municipalities; about half of this sell lien home certificates while the other half – tax deeds. When you do your research, listings on defaulted properties can be found on the web or published at the local paper. Now how does this work? 1. The property owner sends a check amounting to the delinquent tax, inclusive of penalties and fees to cover document recording. 2. By the time the property owner pays the back-tax, the local treasurer will then send the winning bidder or certificate holder the amount invested plus the profit. Fact is, there is a small percentage of the financially distressed population that don’t pay the tax, and the number adds up each year across the United States. This has resulted to thousands of tax lien buyers ending up with property –mortgage-free and clear, for the cost of back-taxes. This, among other benefits, should get you started with buying tax lien certificates online. Looking for a safe, secure and profitable alternative investment? Learn how to buy a tax lien property, to enjoy investments secured by real estate and protected by tax codes. Visit TedThomas.com today!
Published on Jul 11, 2013
When a homeowner defaults on property tax, a lien certificate is issued by the local tax authority. To continually provide revenue for the m...