Investing Without Losing

The American courthouse

According to a recent FOX Business News press release, Alpine TLI Group, a public company, announced that:

"There will be over 2,000 tax lien sales during 2008, with an ever-increasing opportunity to participate in online sales. It is estimated that over $10 Billion in tax lien certificates are offered for sale annually. It is also estimated that due to the inherentleverage of a tax lien, this could represent over $1 Trillion in property value for the purchasers of these tax lien certificates."

Labels: tax deeds market size, tax lien market size

SOUTHWICK, MA - Town Collector Michelle L. Hill plans to file tax liens against 52 properties if owners fail to pay back property taxes and fees by Jan. 2.

"The liens will be filed at 10 a.m. on Jan. 3 against any property that remains the subject of back taxes," she said yesterday.

The total outstanding tax owned on the 52 parcels is $103,963, Hill said, explaining that additional fines and fees are assessed against each parcel. She was unable to provide a total of fines and fees to be collected, noting that the amount varies for each parcel.

For more information, (413) 569-5504.

Labels: tax liens

One fifth of San Francisco's foreclosures are owned by investors

Interesting article by sfgate:

Israel Medina admits he got too gung ho about the idea of getting rich by flipping Bay Area real estate.

Medina, a Concord resident who ran a limousine company before wading neck-deep into the housing market, has seen not one, but 11, of his Northern California properties move into foreclosure in the past year, he said.

"I was a real estate tycoon; I had everything," said Medina. "Now I have nothing."

A Chronicle analysis of public records shows that speculators like Medina played a significant role in the region's subprime loan meltdown.

These real estate gamblers are hardly the struggling home buyers often portrayed as victims of the Bay Area's and nation's foreclosure crisis. Some bought houses as often as other people buy shoes, rarely putting down any money. The speculators were betting that home prices would continue to shoot up. Instead, when the market started softening and prices sagged, many of their properties ended up as foreclosures.

Labels: california, foreclosures, san francisco

Imagine if your grandma fell due to a stroke. In order to walk and talk again she needs outpatient rehab, but after Jan 1, 2008, Medicare will only pay $1810. After that amount is gone, even if she can't walk or talk yet, she is on her own.

We need to tell Congress that Medicare needs to take care of our parents and grandparents. They paid for Medicare all their work life only to be taken when they need it most.

We need to fight this injustice.

Call your congressman and senator and ask them to support The Medicare Access to Rehabilitation Services Act. Please no more blind therapy caps.

4 U.S. Marshals Forfeited Properties in Florida:

(1) Ft. Lauderdale, FL - Single Family Residence:

• 2251 NW 29th Terrace, Ft. Lauderdale, Broward County, FL 33311-3220.
  
• Site area is 9,000 +/- square feet.
  
• Zoning for this property is Single Family Residential.
  
• This is a one story ranch style residence with three (3) bedrooms, two (2) bathrooms, living room, dining room, kitchen and a patio. The wood floors have been damaged from water. The interior needs painting and there are missing appliances. The exterior of the property needs landscaping. There is 1,451 +/- square feet of gross living area.

Minimum bid: $141,471
Bid online: December 10 - 12
Inspection: December 6 from 10 am - 12 pm ET. By Appointment Only.
Click here to View: http://www.bid4assets.com/NWT8

(2) Cocoa, FL - One (1) Acre +/- Vacant Land:

• 4250 Sheridan Ave. Cocoa, FL 32926.
  
• Site area is 1 acres +/-.
• Zoning for this property is AU.
• Utilities on site include electricity, gas, water and septic sewer.

Minimum bid: $30,500
Bid online: December 11 - 13
Click here to View: http://www.bid4assets.com/CF6

(3) Bradenton, FL - Single Family Residence:

• 603 60th Avenue W., Bradenton, Manatee County, FL 34207.
  
• Site area is 8,798 +/- square feet.
• Zoning for this property is Residential Duplex.
• This is a one story ranch style home with an estimate of three (3) bedrooms and estimated to have two (2) bathrooms per the appraisal. There is a one (1) car carport. There is 1680 +/- square feet of gross living space.

Minimum bid: $123,250
Bid online: December 18 - 20
Inspection: December 13 from 2 pm - 4 pm ET. By Appointment Only.
Click here to View: http://www.bid4assets.com/BFL8

(4) Orange City, FL - Single Family Residence:

• 1395 10th St., Orange City, Volusia County, FL 32763.
  
• Site area is 10000 square feet.
• Zoning for this property is Residential.
• This is a detached ranch style home with three (3) bedrooms, two (2) bathrooms, living room, dining area, family room, kitchen, large patio at the rear of the home and a two (2) car garage.

Minimum bid: $116,000
Bid online: January 7 - 9, 2008
Click here to View: http://www.bid4assets.com/OCF5