Most people just buy a home straight up from a real estate agent or realtor. But, for the savvy shopper, this isn’t enough. If you’re obsessed with getting a great deal, then you’re probably looking for something along the lines of a Tax Lien.
It’s the best deal in town, except when it isn’t. Here’s how to leverage a tax lien when buying your next home and avoid getting burned.
Tax liens are basically government liens against a property owner for non-payment of property taxes. You don’t want to be on the receiving end of one of these. But, as an investor, it’s how you pick up properties a for a discount. tax deed investing program is one of the more famous on the Internet, and it shows you all the ins and outs of the investing aspects of this process. So, basically, when a property becomes delinquent on taxes, the county will sell a tax lien certificate to an investor as a way of recouping the losses to the government.
The private investor then becomes the creditor who must collect on the homeowner. The property owner still owns the property, however. The lien holder is entitled to repayment for the amount of the tax lien certificate, plus interest. For all your Tax Lien and Tax Deed Investment needs please visit us at https://pipgroup.com