Industry Recognized Book
DSNews Magazine is the leading source of housing market trends, mortgage servicing, and foreclosure insights in the real estate industry. The magazine has recognized Complete Guide to Real Estate Tax Liens and Foreclosure Deeds, as one of their Good Reads.
What's tax liens and how is it an investing tool?
When cities and townships are in trouble due to real estate taxes not being paid, they offer tax liens that promises to pay you interest (sometimes as high as 16%) so that they can stay afloat. The original owner, or if they sell it, the new owner, has to then obviously pay that interest back to the city in order for the city to pay the investor back. As most are paid back within months of delinquency, your effectiv rate of return could be significantly higher.
As always, seek out an investment professional and buy guides like the book.
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