04-04-2008, 03:19 AM
Tax Lien Certificates
Today, I shared with others the subject of tax lien certificates, which is another form of real estate investment I hope to return to once I get my home-based business going.
There are also states that are referred to as deed states where if someone does not pay their property taxes as well as the late fees and penalties, you can get the deed to the property. Of course all states and counties within each state are different. Some will allow you to get the deed to a property and some don't and some will allow you to purchase the tax liens and other don't, but whatever options that are available to you, I suggest that if you are interested and have the time to learn about this subject, get started.
I know many think that because real estate is not doing well that one should stay away from this, but this time is probably the best; especially with all of the foreclosures happening. Chances are if the mortgages are not being paid, then neither are the property taxes. Plus, if the time period given to the home owner is passed you will get paid one way or another. You have nothing to lose on this, but just be sure you do your due diligence and be sure that the property has no liens on it, other than the tax lien of course and that the title is clear of any issues.
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