Tax Lien Resources - Investing Without Losing

Welcome to Investing Without Losing, your ultimate resource to tax liens and alternative investments to Wall Street. Please note this site is a value added complementary addition for the book, Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series.

You can directly ask the author, Don Sausa, questions about this book through the discussion board.

Upcoming Tax Lien Certificate Auction - St Johns County, Florida

There's an upcoming tax lien certificate auction by St Johns County on June 1, 2010.  All of this will be hosted online by SRI Services.  You can access their site by going to www.sri-auctionsonline.com.


St. Johns County is a county located in northeastern Florida and has about 181,000 people.  It is one of the highest-income counties in the United States and is home to Jacksonville Jaguars, an NFL team.  St. Johns County is part of the Greater Jacksonville Metropolitan area, a region that has experienced explosive tremendous growth in the last ten years.

It is tax lien fraud and you may not know you are doing it

One of the biggest mistakes that you could make is telling other bidders not to bid on particular properties that you like so prices do not go up.

This is considered illegal in most states. Be wary of folks doing it and inviting you to join in these types of conversations. Some new bidders may not know this and could be doing something illegal out of ignorance.

Here is a more recent example of this issue:

An attorney was sentenced on Tuesday to one year in jail and forced to $800,000 in criminal fine for rigging bids at tax lien auctions in Baltimore and five counties, officials said.

Harvey M. Nusbaum pleaded guilty to a one-count charge of conspiring to submit non-competitive and collusive bids at tax lien auctions, according to a release from the Department of Justice.

In this example, this individual was harshly punished by the Department of Justice because he was bid rigging and the fact that he was a lawyer. It wasn't ignorance. The moral of the story: bid fairly. Don't ask others "not to bid" on your favorite properties. Remember, unlike other investments, tax lien auctions are very transparent.

Colorado tax lien sales

Colorado tax lien sales are going to put online in November 2009. For more information, please access the SRI auction site here:

https://www.sri-auctionsonline.com/

Pueblo County Tax Certificate Sale - October 13 - October 15

Jefferson County Tax Certificate Sale - October 22 - October 26

Alamosa County Tax Certificate Sale - November 10 - November 12

Costilla County Tax Certificate Sale - November 17 - November 19

Carleton Sheets names Don Sausa's real estate book #1 noteworthy read?

Though I have no association to Carleton Sheets and his infomercials regarding real estate topics or seminars, I do appreciate being selected as the #1 "Noteworthy Real Estate Books" on his web site.

Thanks!

Don Sausa

June Florida Tax Liens Sales

Counties across the state of Florida are fairly busy this month due to the amount of tax liens they are selling. One of the biggest counties selling tax lien certificates is the Miami Dade area. To access their link, you can find it here:

https://www.bidmiamidade.com/

There are also other counties, some in California, that's selling online. You can find an auction calendar on Bid4Assets available here:

http://www.bid4assets.com/help/index.cfm?fuseAction=TaxSale

Government HUD sales and foreclosures

United States Department of Housing and Urban Development (HUD) and other federal agencies have created one web site that lists all of their properties that are for sale. The web site can be found here:

http://www.homesales.gov/homesales/mainAction.do

The other site that's inter-linked is called: http://www.govsales.gov

Interestingly enough, they even have vehicles and international properties on here. A great find for anyone looking for bargain purchases! As always, please do your due diligence and continue to seek legal or professional counsel before attempting to purchase property.

Thanks! -Don Sausa

Marion County, FL Tax Deed Sale (Over the Counter)

Marion County Florida has tax deed sales available on this link below:

http://www.marioncountyclerk.org/public/index.cfm?Pg=ForeclosureSales

While you may not know the county, the county seat is Ocala. The county has roughly 316,183 in population. Marion County has warm temperatures throughout the year and like any place in Florida, it has no state income tax.

As always, please make sure to seek legal and professional consultations when investing in foreclosures. Do your proper diligence in tax deed sales.

New York Times article on tax liens

Here's an interesting tax lien article on the New York Times. It was published in 1999. The title of the article is YOUR HOME; Tax Liens Can Enrich Investors.

A quick excerpt...

By JAY ROMANO
Published: August 15, 1999

ANYONE who has seriously contemplated making money in real estate has probably encountered the arcane but potentially profitable practice of investing in tax liens at public sales -- the legal process through which municipalities obtain payment of delinquent property taxes.

Real estate experts say it is possible to make a secure investment with a high rate of return in property tax liens, even for unsophisticated investors. And savvier, more careful and more knowledgeable investors can even obtain title to real estate for a small fraction of its market value by buying property at a tax foreclosure sale, the experts say.

Read more...