Monday, August 27, 2007
Upcoming Auctions - Pinellas County, Florida, Tax Deeds
You can search the listings of the tax deeds here:
http://www.pinellasclerk.org/tributeweb2/
Date of sale: Nov 14, 2007
Telephone: (727) 464-3207
Tax deed sales are held in the main lobby of the Clearwater Courthouse located at 315 Court Street, Clearwater, Florida beginning at 11:00 A.M. There is a minimum deposit requirement of $200.
Why tax liens must be paid off...
I saw this letter on upstatehouse.com...
Tax liens are public record and the title company easily saw the problem before closing. Before the deal can move any further, the tax liens must be paid off. This is typical around America, properties that may have old liens against it. In a traditional closing, those liens will need to be removed -- which is fortunate for you, the tax lien investor.
Tax liens are one of the safest investment vehicles out there, especially on homestead properties. The last part of the letter explains it all, "We don't want to be homeless..."
DEAR BOB: We are buying an out-of-state house. The closing is scheduled for about two weeks from now. It is a "for sale by owner," and the sellers aren't too knowledgeable about the sales process. We just received a document from the title company listing the recorded liens against the sellers. The list includes a lien from the state's Bureau of Child Support for more than $12,000 and deferred property taxes for about $2,000. None of these liens were previously disclosed to us. If the sellers are unable to pay these liens at or before the closing, what are our options? We don't want to be homeless when we arrive in our new city if something goes wrong with the closing. --Rebecca L.
Tax liens are public record and the title company easily saw the problem before closing. Before the deal can move any further, the tax liens must be paid off. This is typical around America, properties that may have old liens against it. In a traditional closing, those liens will need to be removed -- which is fortunate for you, the tax lien investor.
Tax liens are one of the safest investment vehicles out there, especially on homestead properties. The last part of the letter explains it all, "We don't want to be homeless..."
Wednesday, August 22, 2007
Upcoming Auctions - Colorado Tax Lien Auctions
Here is a list of tax lien auctions this year for Colorado. It breaks down by county and date. The interest rate will be calculated later this year around November.
Good luck!
Good luck!
Thursday, August 16, 2007
More free foreclosure listings
Bank of America, which also does mortgages, has a foreclosure site as well. Though not as big as Countrywide's foreclosure site, it is still a good place to look at:
Bank of America Foreclosures
Make sure you do your proper due diligence on these relatively cheap houses. You'll need to do similar title searches like you would with a tax deed sale. The people that waited for the real estate bubble to pop are the smart ones, you can now get a decent house in areas that they weren't able to afford before.
Bank of America Foreclosures
Make sure you do your proper due diligence on these relatively cheap houses. You'll need to do similar title searches like you would with a tax deed sale. The people that waited for the real estate bubble to pop are the smart ones, you can now get a decent house in areas that they weren't able to afford before.
Labels:
bank of america,
foreclosures,
tax deeds,
tax liens
Saturday, August 11, 2007
Foreclosure homes, how to find bargains
I know many people subscribe to "fee"-based web sites and they get listings of foreclosures.
But did you know that Countrywide services 1 out of 5 U.S.-mortgaged homes? That means they contain one of the largest databases of foreclosures in the country...all for free for you to access!
Check it out here:
Countrywide Foreclosure Homes
So stop paying extra fees for foreclosure listings, they are just the middlemen. Go directly to the bank (Countrywide) and look at their foreclosure listings.
But did you know that Countrywide services 1 out of 5 U.S.-mortgaged homes? That means they contain one of the largest databases of foreclosures in the country...all for free for you to access!
Check it out here:
Countrywide Foreclosure Homes
So stop paying extra fees for foreclosure listings, they are just the middlemen. Go directly to the bank (Countrywide) and look at their foreclosure listings.
Thursday, August 09, 2007
Wall Street is showing weakness
Market volatility
When the real estate bubble popped, Wall Street finally started seeing subprime loans as a risk rather than an investment. The market has lost at one point over 800 points from our 14,000 point high in the Dow Jones.
My personal opinion
There are broad sell offs in Wall Street even though the housing market doesn't even affect it. Health care, industries, and other sectors are not affected by real estate and some have hit their 3 to 5 year lows because of the recent sell offs. This is the time to BUY these good companies and hold for the long term.
And of course to diversify your portfolio, consider tax liens. Opportunities actually strengthen in a real estate bust because more people are delayed in paying their property taxes, giving you an opportunity to invest and help cities, counties, and their infrastructures.
When the real estate bubble popped, Wall Street finally started seeing subprime loans as a risk rather than an investment. The market has lost at one point over 800 points from our 14,000 point high in the Dow Jones.
My personal opinion
There are broad sell offs in Wall Street even though the housing market doesn't even affect it. Health care, industries, and other sectors are not affected by real estate and some have hit their 3 to 5 year lows because of the recent sell offs. This is the time to BUY these good companies and hold for the long term.
And of course to diversify your portfolio, consider tax liens. Opportunities actually strengthen in a real estate bust because more people are delayed in paying their property taxes, giving you an opportunity to invest and help cities, counties, and their infrastructures.
Tuesday, August 07, 2007
Upcoming Auctions - Leon County, Florida
There's a tax deed auction coming up in Leon County, FL, Aug 27th, 2007 (Monday) 11am EST. You can find the list of tax deeds here:
Tax deed list
More info, directions
Tax deed list
More info, directions
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