Tuesday, December 12, 2006

Couple buys $900,000 property for $61,000 through tax lien

Find savings by due diligence! The couple below bought a $900k property for $61k. Want to learn more about how to invest in tax auctions? Purchase a copy of Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions.

The site of the infamous Tracy tire fire, a 50-acre property on South MacArthur Drive where 7 million tires went up in smoke during a two-year rubbery inferno, sold last month in a county tax auction for a fraction of its worth.

Javier and Evangelina Jaime of Galt paid $61,000 in cash for the parcel — the amount of due taxes on the property. It was appraised last year at $900,000.

For more information about this article, access TracyPress.

Wednesday, December 06, 2006

Upcoming Auctions This Month!

Miami, FL will be selling properties through a tax deed sale. Their tax liens have not been redeemed; hence, the ownership of these properties will be sold for the highest bidder. For information on how to invest in tax liens or tax deeds and the bidding strategies, go to Barnes & Noble and buy Investing without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions (ISBN 0978834607).

- December 13, 2006
- December 14, 2006

Miami Tax Deed Sales

Wednesday, November 22, 2006

Upcoming Auctions This Month!

There are more real estate auctions coming this month. These are not necessarily based on tax liens or tax deeds but by other federal govt agencies.

FM544 & Heritage Parkway, Murphy, Texas 75074
Auction: Tuesday, November 28, 2006
Total Site Area: 2.189 ± acres
Description: Land located at the Northwest corner of FM544 and Heritage Parkway in Collin County. Zoned Commercial D4 with public utilities available.

For more info, click here.

2014 Market Center Blvd., Dallas, Texas 75207
Auction: Tuesday, November 28, 2006
Total Improved Area: 6,005 ± sq. ft.
Description: Class C - retail/office property. A third of the building is currently set up for retail sales, with a large counter and storage room. The remainder of the structure is separated into 15 small rooms, dressing room and two restrooms along a hallway. The building is bordered by a sidewalk and a 29-space asphalt parking lot in the rear. Located on the northeast side of Market Center Blvd, approx. 1/4 mile southeast of I-35E in the City of Dallas.

For more info, click here.

Want to learn what type of bidding strategies these auctions have? Get your copy of Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions for $19.95.

Monday, November 20, 2006

Excel template on tracking tax liens

Attached is the Excel template on how to track tax liens. Green columns are automated fields.

template.xls (21k bytes)

Right click Save As...

Friday, November 17, 2006

Montgomery County, Ohio expects to raise $7.5 million from tax lien sales

Montgomery County, Ohio is having a tax lien sale on November 18, 2006 10am at the county commission chambers. For more information, call (937) 225-4010. The proceeds will be used to fund schools and other services.

You can buy Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions by Don Sausa (ISBN 0978834607) to learn more about how to invest in tax lien and tax deed auctions. Available in any bookstore, BN.com, or Amazon.

Excerpt from the Dayton Business Journal:

Montgomery County is gearing up for its second-ever tax lien sale.

The sale will be held 10 a.m. Saturday, Nov. 18 in the county commission chambers. It will include 2,000 tax certificates expected to return about $7.5 million in additional funds.

The funds will be used for schools and services.

"We're looking forward to a lively competition among the vendors tomorrow," said Hugh Quill, Montgomery County treasurer.

Tuesday, November 14, 2006

Tax sales happening this month! 15% interest on tax liens

Tax Lien Sale

The 2006 Tax Lien Sale will be held on November 15, 2006
Commissioner's Meeting Room
2nd Floor, 203 Eureka Street
Central City, CO 80427

"Our Tax Lien Sale is conducted with the goal of fairness in mind. Comments and suggestions are given serious consideration and have been implemented where functional. Please feel free to contact us at 303-582-5222."

November 15, 2006
Registration will begin at 7:30 am.
Tax sale will begin at 9:00 am.
Larimer County Courthouse Offices
(Location and times are subject to change.)
(970) 498-7032

Date and Time of Sale: November 15, 2006 at 9:00a.m.
Time of Registration: prior to the sale at the Mesa County Treasurer's Office or by mail
Location of Registration: Mesa County Treasurer's Office, 544 Rood Ave., Grand Junction
Location of Sale: Two Rivers Convention Center, 159 Main St., Grand Junction, CO 81501
Interest Rate: 15%
Information: (970) 244-1833 or (970) 244-1825

Need to figure out how to invest in tax liens? You can purchase Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions through this link.

Tax lien book - Investing Without Losing - reaches Top 15 in Amazon.com Real Estate Category

Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions reaches the hourly top 15 in Amazon.com's real estate category. Thanks to all the readers who made it possible!

Wednesday, November 08, 2006

Lee County, Iowa sells mobile home for $200 through tax lien sale





WHEREAS, Lee County has a property tax lien on a 1995 SLC Mobile Home, Vehicle Identification Number 1W9123621S1186463, Lee County Title Number 56-VO25049 that was titled under the name of Carol Pence; and

WHEREAS, Lee County has served notice of right of redemption as provided by law on Carol Pence, the manager at Shady Acre Trailer Park and City Group Sales and Financing Inc. in Oklahoma City, Oklahoma; and

WHEREAS, Steven J. Cramer has submitted an offer to purchase Lee County's interest in the mobile home for the sum of $200; and

WHEREAS, Lee County has the authority following a public bidder auction to compromise its real estate tax lien and has a right to assign its interest to one or more other persons; and

WHEREAS, it appears that the 90-day notice of right of redemption is not yet expired by upon timely presentation of proof of service that notice will shortly expire; and

WHEREAS, Lee County is willing to accept the offer; according

BE IT RESOLVED, at such time as Steven J. Cramer pays $200 to the Treasurer of Lee County, the Treasurer is authorized to assign whatever right, title or interest Lee County, Iowa has as a result of its notices of right of redemption and tax lien on the mobile home above described. Thereafter the said Steven J. Cramer shall have the same right Lee County presently has to proceed and to obtain a Treasurer's Deed. No public hearing is being held on this transfer because the property involved is not real estate. Lee County is not required to hold a public hearing. The Board of Supervisors hereby accepts the statements and representations made that the mobile home has fairly minimal value.

Dated at Keokuk, Iowa, this the 24th day of October, 2006.

Lee County Board of Supervisors. /s/ George Morgan, Chairman, /s/ Larry W. Kruse, Vice-Chair, /s/ Robert J. Woodruff, Member, /s/ Rick Larkin, Member, /s/ Joseph W. Kowzan, Member. Attest: /s/ Anne Pedersen, Lee County Auditor. Motion carried

Monday, November 06, 2006

Could Tax Liens Help You Reach Your Financial Goals Faster and Safer?

Here's an article about tax liens by Nicholas Brown.

Could Tax Liens Help You Reach Your Financial Goals Faster and Safer? by Nicholas Brown

Tax Lien

Lately, there has been a great deal of buzz around the topic of tax liens. Savvy people (I assume you are savvy since you are actually researching this topic) are using tax lien certificates for two reasons. The first reason tax lien certificates are used is to gain high interest returns at very low risk. The other use is to use them to obtain properties for a considerable discount. Now I consider myself a pretty smart individual, so I decided to put some time into researching tax liens. I needed to get an idea of what tax liens were and how I could use them to my advantage to get ahead financially, which is something I am sure you can relate to. Thus I took to studying everything I could find on tax liens. After exploring the internet and reading different e-books, I've built up a great deal of knowledge on the subject of tax liens.

First, let's start off with what a tax lien is and then we'll go from there. A tax lien is a type of lien that is placed on a title when the owner of that title has not paid property or assessment taxes or other state and federal taxes. Okay, now that you know what a tax lien is, I am sure you are saying, "Yeah, yeah, that's nice. But how can I use them to my benefit?" So I'll get on to the good part on how you can profit from tax liens. There are actually two ways that you can make money with very low risk to yourself.

The first way of course is in the case that the owner fails to pay the back taxes in order to release the lien. If this happens, then the investor (you) collects the title to the property for a small percentage of its actual value. The second way is in the event that the owner does pay the taxes to get the property back. If that happens, then you get your initial investment restored back to you. In addition, you also get the interest earned on the purchase price at an annual percentage rate mandated by that certain state. If you're looking for a way attain some additional cash flow to help relieve the burden of daily expenses, then you need an investment that is sure to earn you money at a solid rate. Tax liens are the answer and many people are beginning to figure this out.

Okay, GO! Just kidding...there's a little more work to it than that. I mean anything worth engaging in comes with some work. Now I don't want to scare you off, because it's actually not difficult. There just has to be certain things that you make sure you do. To begin with, each state has a different process when it comes to tax lien purchases. It is very critical for you to learn the facts before getting started. Make sure to find out about the laws in each state on tax liens. Each state typically holds a sale for tax liens only one or two set months per year, and those months differ from state to state. Be sure to know the interest rates for each state. In most cases, this ranges from 16% on up to 50% in some rare instances. Check your savings account interest rate and you will see that is has never yielded anything close to those numbers. Now you can check each states current rate manually but if you're as busy as me, then you don't have the time for that. You can find an inexpensive information booklet about how to obtain a tax lien that simplifies all of this by visiting my site. Tax Lien
About the Author

Nicholas Brown is an investor that loves any and every thing that has to do with real estate. He is 22 and already has made a small fortune. He is always looking for unique ways to get greater returns on his investments.

Monday, October 30, 2006

Weld County, CO opens online tax lien auction site

Another tax lien sale!

Weld County will open its first online auction this week to collect unpaid taxes, but don't expect it to be like Ebay.

The treasurer's office hosts an annual tax certificate auction that collects unpaid real estate property taxes, raises extra money for the county general fund and opens investment opportunities to the public.

Previously the treasurer's office had to close down to run the live auction, which has been at the Island Grove Regional Park Exhibition Hall the past few years. This year the auction will be open Nov. 1-6 on the Internet at www.weldtaxsale.com.

Bids are private and ties are broken when computer software randomly chooses a winner. Bidders indicate the highest amount they want to pay.

Investors at the auction bid on the tax liens with the perks of a 15 percent interest rate.

For more about this article, visit Greeley Tribute.

Sunday, October 29, 2006

Investors Are Placing Their Bets on Tax Liens

Read more about this new trend in investing below...

Investors Are Placing Their Bets on Tax Liens

By Greg Ip
From The Wall Street Journal Online

The front door of the dilapidated row house half a mile from Capitol Hill is boarded up, its lawn is overgrown, and its porch roof is missing. But Matt Earley notes approvingly that the iron bars on the windows are intact and that the houses across the street are being spruced up. "This is the only problem property on the block," he says.

Most important, the owner is about $3,000 in arrears on the property taxes. Mr. Earley bought that unpaid tax bill for $203,000 at an auction run by the District of Columbia. If the owner pays his debt, Mr. Earley's firm, Mooring Financial Corp., will get its money back and earn a profit of a few hundred dollars -- a skimpy return. But if the owner doesn't pay, Mooring could foreclose and sell the house for several hundred thousand dollars' profit.

Read more about this article by accessing Wall Street Journal's Real Estate Journal.

Thursday, October 26, 2006

Park County, CO tax lien sale pays 15% return

Park County tax lien sale still on as scheduled, Kenosha Pass opens, U.S. 285 near Colorado 8 now open
Park County's tax lien sale is still planned for Friday, Oct. 27, and registration is still planned for 7 a.m.

And at about 4:10 p.m. Thursday, Park County Treasurer Michelle Miller told The Flume that she had decided to hold the sale at 8 a.m., as scheduled.

Miller had been thinking earlier Thursday that she might delay the sale by two hours because of bad snow conditions. By late Thursday , Fairplay weather was looking good enough to plan on having the sale at the same time as scheduled.

Miller said she still planned to leave a voice message confirming her decision at the following number: 719-836-4238.

The tax lien sale will be held at the South Park High School cafetorium, 640 Hathaway, in Fairplay.

The sale will likely be over by 5 p.m. or 6 p.m., according to Miller.

Dale Plume, who owns a wholesale nursery south of Hartsel called Chaparral Nursery, placed a call to The Flume with concerns about whether the tax lien sale would be held.

Plume obtained some land near Alma through a sale about 15 to 20 years ago, and he uses it for getting some aspen and spruce seedlings for his nursery business. Plume has made purchases at the Elbert County tax lien sale, with most of those purchases having been redeemed.

He said he hasn't made much money through the tax lien sales.

The interest paid is 15 percent this year on the base amount of taxes owed and the interest is not paid on any premium paid to the county by the winning bidder, said Miller.

Plus, she noted that people who, through the bidding process, pay a high premium above the listed taxes owed can actually lose money in the tax-lien-sale process because premiums are not returned by the county. She said she once had a person pay a $250 premium on a tax bill of $25.

There are high odds that there will be a redemption on a property, said Miller. That's because owners typically come up with the money to pay the back taxes.

About 200 people attended the tax lien sale last year in Fairplay, even though there was a heavy snowstorm that day, Miller said.

Kenosha Pass open and U.S. 285, just west of C-470, also now open

U.S. 285 between Fairplay and Kenosha Pass was closed Thursday about 5:25 a.m. because of snow, but it reopened at 10:30 a.m, according to Mindy Crane, a spokeswoman for the Colorado Department of Transportation.

Westbound U.S. 285 was closed between State Highway 8 and Turkey Creek Canyon earlier Thursday, but around 2:15 p.m. it was reopened, according to Crane. That part of U.S. 285 is about a five-mile stretch just west of C-470, she said.

Westbound Interstate 70 between the Golden/Morrison exit and Floyd Hill was also closed earlier Thursday, but it reopened about 1:30 p.m. or 1:45 p.m., according to Crane.

Eastbound I-70 in that same stretch reopened about an hour before that, Crane said.

"Now we're starting to see more of the wet slush conditions," she said.

As of 3:15 p.m. Thursday, I-70 was closed both ways between E-470 and Burlington. Also, northbound Interstate 25, at Mile Marker 150 north of Colorado Springs, was closed as of 3:15 p.m.

According to Crane, other closures as of 3:15 p.m. Thursday included: State Highway 83 between Franktown and Colorado Springs; U.S. 36 (east of Denver) between Byers and Last Chance; U.S. 24 between Colorado Springs and Limon; State Highway 86 between Kiowa and I-70; and State Highway 94 from east of Colorado Springs to County Line Road.

Crane said that she had heard that 15 to 20 inches of snow had fallen in the Conifer-Bailey area.

At 12:50 p.m. Thursday, Flume Business Manager Lori Crawford reported 21 inches of snow at her house in the Park 80 West subdivision near Burland off of County Road 72 in Bailey.

Miller said that only five inches had fallen in Fairplay, but it was blowing there.

Mary Lee Bensman, who drove from Buena Vista to Fairplay and then Bailey on her way to Denver Thursday afternoon, arrived in The Flume offices at about 3 p.m.

"Out of the whole trip so far, the only really bad part was South Park, she said.

Between Fairplay and Kenosha Pass, she said, "it was snowpacked and the wind just made the visibility poor (with blowing snow.)"

"I put it in four-wheel drive to get through South Park," she added.

Another driver recently arrived at Flume offices from Fairplay also reported poor visibility in South Park that improved dramatically once he reached Kenosha Pass.

Denver, CO tax lien sales!

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Realauction announced today that the online auction of tax liens in the City and County of Denver, Colorado will begin at 8:00 a.m. Mountain Time on November 6, 2006 and run without interruption through November 9, 2006. Denver will use sealed bid, the industry standard for tax lien auctions, and allow bidders to enter bids anytime between November 6 and November 9. The Denver auction website is www.denvertaxsale.com.

The site opened for early registration on October 23, 2006. Bidders must register on the site before entering their bids. Bidding on tax liens will close starting at 8:00 a.m. Mountain Time on November 9. Tax certificates will be awarded to the highest bidder at the close of the auction.

“We believe the online auction is an improvement on past practice, providing greater transparency, opportunity and fairness to all potential bidders,” said Treasurer David Hart.

“Holding the auction online helps the county save time and costs,” said Realauction CEO Lloyd McClendon. “We also have our customer service team in place to ensure that everyone’s questions are answered.”

Denver County has scheduled a training session on October 26th, 2006 at 5:30 p.m. Mountain Time to familiarize prospective bidders with the process of the online tax lien auction. The training will be held at the Wellington E. Webb Municipal Building, 201 West Colfax Avenue, Room 4.G.2, Denver, CO 80202.

About Denver

Denver, the capital of Colorado, is a consolidated city and county. The “Mile High City” is located at the foot of the majestic Rocky Mountains and serves as the financial, transportation, and distribution center of the region. Denver is a city rich in history and culture and is home to over half a million people.

For more information, please contact: Denver Treasury Division at 720-865-7000 or online at www.denvergov.org/treasury.

About Realauction

Realauction is a leading provider of technology solutions for government agencies. Realauction helps government agencies reduce costs by providing consultation, design and implementation of online auctions for delinquent tax lien sales. With over 50 years of combined experience in the tax lien certificate and real estate data transfer industry, and an award winning development team, Realauction is committed to providing the software and customer service to help local governments succeed.

For additional information about the City and County of Denver tax lien auction, please contact the Realauction Customer Service Center at 877-361-7325.

Monday, October 23, 2006

Welcome to Investing Without Losing (tm)

Investing Without Losing, an investment series published by The Vision Press, aims to provide new alternatives to investing.

Our current best-selling major release is called Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions by Don Sausa (ISBN 0978834607). It's the premier guide to investing in public tax auctions, a little-known government investment program that can offer high returns within a matter of months. As of October 2006, it's ranked #2,071 out of millions of books on Amazon.com.

Why would I choose alternative investments to stocks, bonds, and mutual funds?

When you speak to a financial consultant about your portfolio, what's their number one advice? Diversify! The truth is, your risk of losses is minimized when your money is spread out across different stocks... What we say is nothing different, except that you should diversify your investment options! Don't limit yourself to stocks, bonds, and mutual funds if you can find the same or higher returns somewhere else.

Why should I buy your book versus others?

Great question! First, if you're looking for knowledge, you should look to get as much as you want. Don't limit yourself to our books. Second, we believe our books are better in that we constantly give updates online. Third, our books are easy-to-read and we hold to a simple truth -- busy people don't want to read over 200 pages.

Some will say that if you pick up a good book, you won't be able to let it go. While that maybe true for Harry Potter fans, when you're reading investment books, let's face it, we want the author to go straight to the point!

Can I purchase by phone?

Yes! Call 1-877-964-3932, extension 5 and state the title and author of the book.