Monday, January 29, 2007

Upcoming Auctions - Coconino County, AZ Offline Tax Lien Auction

Coconino, AZ is having an offline tax auction on Feb 15th, 2007. For more information, access their web site at: To find out how you can participate in these auctions and how to gain up to 16% or more in returns per year, buy Investing Without Losing (retail: $19.95) from Barnes & Noble or your local bookstore.


Bonny K. Lynn - Treasurer
110 E. Cherry
FLagstaff AZ, 86001
877-500-1818 or (928) 779-6615
FAX: (928)779-6618

We have listed below the most frequently asked questions concerning investing in tax liens.

1. What are the date, time and location of your tax lien sale? Our tax sale is held the third Thursday of February each year. The tax lien sale starts at 8:30a.m. in the Board of Supervisors meeting room on the first floor, 219 E. Cherry, Flagstaff, AZ 86001

2. How often do you hold tax lien sales? Once a year, in February.

3. Does your county hold a deed/land sale in addition to a tax lien sale? If so, when and where does it take place? Yes, you need to contact the COCONINO County Board of Supervisors at (928)779-6693 or write 219 E. Cherry, Flagstaff, AZ 86001

4. When and where will the tax lien sale be advertised? The Tuesday paper two weeks prior to the week of the sale will have the public notice of the sale. It is advertised in the Arizona Daily Sun. You must contact the Arizona Daily Sun at P.O. Box 1849, Flagstaff, AZ 86002; call (928)774-4545 to get a copy of the notice; or visit their website at The list is also available on the County Treasurer website.

5. How and when do I register for the tax sale? Anyone who has a bid number is registered for the tax lien sale. If you are a new investor in our county you should obtain a bid number one week prior to the sale. Complete the Bidder Information Card form and then mail it or bring it to us at 110 E. Cherry Avenue, Flagstaff, Arizona 86001 no later than the Tuesday prior to the sale. The original signed form is required by this office to provide you with the official bidder number.

6. What type of payment requirements are needed at the sale? Is there a deposit required before the sale? Cash, cashier check, money order, personal checks and credit cards (VISA and MasterCard Only) are accepted. We do not require a deposit. However, payment is due in full in our office by 3:00 p.m. the day of the closing of the tax sale. Money orders, cashier checks, or personal checks need to be for the exact amount of the purchase for the tax lien. If payment is made with cash, payment must be within $5 of purchase. We do not have large amounts of cash on hand for refunds.

7. What is the bidding process? The bidding process starts with the interest rate at 16% and is bid down in full percent increments if more than one individual is involved. If the parcel is bid down to zero and more than one individual is interested, a drawing will be held to determine which individual will be granted the parcel for the tax lien.

8. What type of document is issued at the sale? After you have finished bidding, a table will be set up outside the doors where the tax lien sale takes place. You will need to pick up a printout listing all the parcels you bid on and at what % interest rate. It will be your responsibility to verify the lists to ensure its accuracy. Upon receiving payment, you will also be given a receipt reflecting all pertinent information.

9. Are there any other expenses for the tax lien? There is a $10.00 processing fee. This fee is not included in the advertisement.

10. What is the foreclosure process and the associated fees? The foreclosure process, which begins three years after the date of the tax lien sale, involves obtaining an insurable deed known as a Judgement Deed. You may choose to hire an attorney or opt for the Judicial Foreclosure-Self Help packet from the Treasurer's website.

11. What happens to the liens that are not sold at the Tax Lien Sale? Can they be purchased over-the counter? Once the sale has been concluded, you can purchase the liens over the counter. The date the tax liens can be purchased over the counter will be announced at the sale, usually two weeks after the sale.

12. Is there a list of the delinquent taxes that can be purchased? There is a list in our office for you to view or you may purchase a hard copy or CD for $50.00. (All are updated weekly.) If either the hard copy or CD is to be mailed, please add $10.00 for postage/handling for the hard copy and $3.00 postage/handling for the CD.
The list must be prepaid prior to mailing it out. You may send in your request by mail with your check made payable to: Coconino County Treasurer; 110 E. Cherry Avenue; Flagstaff, AZ 86001. Visa or MasterCard is also accepted. We do not provide a partial list and because the list is large, we CANNOT FAX the list to you.

13. Will someone in your office do the research for me? I will be happy to submit the proper fee. All research is to be completed by the investors.

14. How does the tax sale auction work? Bids will start with the first column listed in the newspaper by item number and continue to the end of the list. Please keep track of any parcels you wish to acquire, along with a notation of the parcels for which you have received the assignment. Once the item number is called, the item will not be called at a later time.

15. Would you please forward to me a copy of the statutes regarding tax sales in your jurisdiction? To obtain the statutes, you may contact an attorney; inquire at a Law Library that has the Arizona Revised Statutes; or go to the website:

Sunday, January 28, 2007

What are tax lien certificates?

Plenty of people made their millions by investing in real estate; however, not many know that you can invest in this field without much capital. Ever year, properties are taxed for their value and every year, people fail to pay their taxes on time, incurring interest and penalties either due to financial issues or they just misplaced the tax bill.

If you are late on your property tax bill, the county government seeks investors to balance their budget. Your tax bill will be bought by an investor and when you pay your tax bill with penalties and interest, the net proceeds go to the investor.
This investment venue is little known because government agencies stink at marketing. But that doesn't mean you can't take advantage of it!

Remember, without tax lien investors, many counties would have smaller budgets, hurting schools, police, roads, and other public services.

Don Sausa, author of Investing Without Losing [ISBN 0978834607] and Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN 0978834682].

Thursday, January 18, 2007

Upcoming Auctions - Graham County, AZ Offline Tax Lien Auction

Graham County, AZ is having an offline tax auction on Feb 14th, 2007. For more information, access their web site at: To find out how you can participate in these auctions and how to gain up to 16% or more in returns per year, buy Investing Without Losing (retail: $19.95) from Barnes & Noble or your local bookstore.

Friday, January 12, 2007

Upcoming Auctions - Maricopa County, AZ Online Tax Lien Auction

Maricopa County, AZ is having an online tax auction on Feb 1st, 2007. For more information, access their web site at: To find out how you can participate in these auctions and how to gain up to 16% or more in returns per year, buy Investing Without Losing (retail: $19.95) from Barnes & Noble or your local bookstore.

Thursday, January 11, 2007

Upcoming Auctions - Apache County, AZ Online Tax Lien Auction

The 2007 Apache County Arizona tax lien sale will take place on February 15th, 2007. This Arizona tax lien sale will be held on the internet! For the first time in Apache County, the tax lien sale will be conducted on the Treasurer's tax lien auction web site, which will open and start accepting bids on January 19, 2007. This is not a sale of real property. It is a lien for the amount of delinquent taxes plus interest and other fees.

For more information, access the Apache County tax lien FAQ.

If you want to learn how to bid on these type of auctions and how to win up to 16% in Arizona, buy Investing Without Losing, the best guide to tax liens and tax deeds. ISBN 0978834607

Book update - Some Illinois counties offer OTC

A fellow investor, Brian S. from Illinois, reported that Cook County, IL does offer over the counter sales for tax liens.

Upcoming Auctions (Tax Deeds) from Investing Without Losing

The list below is a list of auctions for seized/foreclosed properties by the Treasury dept. Courtesy of To navigate your way through auctions and bidding strategies, consider buying Investing Without Losing by Don Sausa (ISBN
0978834607 or 0978834623), the guide to tax deeds and tax lien auctions from Barnes & Noble.


Jan 17 Single Family Home
Suffolk, VA

Jan 18 Commercial Building
Baltimore, MD

Jan 18 Single Family Row House
Baltimore, MD

Jan 18 Condo Unit
Oxon Hill, MD

Jan 19 Single Family Home
McKinney, TX

Jan 19 Single Family Home
Dallas, TX

Jan 19 Single Family Home (4 br, 2.5 ba)
Mesquite, TX

Jan 19 Single Family Home
(3 br, 2 ba) - Mesquite, TX

Jan 31 Condo Unit
Myrtle Beach, SC

Jan 31 Condo Unit
Charleston SC

Feb 1 Industrial Property
Kent, WA

Feb 1 4.71± Acres of Residential Land
Federal Way, WA

Feb 13 Single Family Home
Millersport, Ohio

Feb 13 Lakefront Lot
Millersport, Ohio

Feb 22 Commerical Building (4,539 ± sq. ft.)
Orosi, CA

Feb 22 Commerical Building (6,102 ± sq. ft.)
Orosi, CA

Feb 22
Residential Land
Dinuba, CA

Feb 22 - 27 Acres of Agricultural Land
Dinuba, CA

Feb 27 Single Family Home
Trujillo Alto, Puerto Rico

Feb 27 Condo Unit
Guaynabo, Puerto Rico

Feb 27 Vacant Land
Guaynabo Puerto Rico