Investing Without Losing

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Florida Counties Begin Online Tax Lien Auctions
The Realauction Team is ready - it's time to begin the annual online auctions of tax liens throughout Florida.

Here is our list of counties, with their dedicated web sites and auction dates:

Columbia County
www.columbiataxsale.com
MAY 8TH THROUGH MAY 31ST

Hernando County
www.hernandotaxsale.com
MAY 15TH THROUGH MAY 30TH

Hillsborough County
www.hillsboroughtaxsale.com
MAY 7TH THROUGH MAY 26TH

Lee County
www.leetaxsale.com
MAY 1ST THROUGH MAY 31ST

Levy County
www.levytaxsale.com
MAY 10TH THROUGH JUNE 1ST

Monroe County Tax
www.monroetaxsale.com
MAY 9TH THROUGH MAY 31ST

Pinellas County
www.pinellastaxsale.com
MAY 11TH THROUGH JUNE 1ST

Polk County
www.polktaxsale.com
MAY 10TH THROUGH JUNE 1ST

Putnam County
www.putnamtaxsale.com
MAY 1ST THROUGH MAY 26TH

Seminole County
www.seminoletaxsale.com
MAY 6TH THROUGH MAY 31ST

Suwannee County
www.suwanneetaxsale.com
MAY 14TH THROUGH MAY31ST

Labels: foreclosures, real estate, real estate auctions, tax, tax auctions, tax certificates, tax deeds, tax instruments, tax lien certificates, tax lien instruments, tax liens, tax sales

Bid4Assets has taken over 12 Florida counties' tax liens auctions. For more information, please read the press release below. As you know, I have written extensively about Bid4Assets in the book below.

SILVER SPRING, Md., May 1 /PRNewswire/ -- Bid4Assets, Inc., the nation's leader in online auction solutions for federal, state and local government, announced today that twelve Florida County Tax Collectors' offices will conduct their 2007 Tax Lien Sale with Bid4Assets. The Tax Collectors are from returning Bid4Assets' county customers: Brevard, Charlotte, Duval, Escambia, Gilchrist, Sarasota, Sumter, and Walton. Moving their auctions online for the first time are the Tax Collectors of Alachua, Gadsden, Santa Rosa and Taylor.

In Florida, tax certificate sales are held on or before June 1. Bidding starts at 18% and continues downward in increments of .25%. The bidder who offers the lowest interest rate on the debt wins the certificate.

A dedicated, unique website will be available this week for each tax sale and will include information on registration, bidding and deposit procedures and deadlines. The tax sale sites will also provide interested participants with a resource center and a demonstration site to allow participants to familiarize themselves with the auction system. Each County Tax Collector's website will be available at:

Alachua.taxsale.com Escambia.taxsale.com Sarasota.taxsale.com Brevard.taxsale.com Gadsden.taxsale.com Sumter.taxsale.com Charlotte.taxsale.com Gilchrist.taxsale.com Taylor.taxsale.com Duval.taxsale.com Santarosa.taxsale.com Walton.taxsale.com

Bid4Assets entered the specialized Florida Tax Lien market two years ago when the Company partnered with Manatron, the nation's leading provider of property tax solutions for state and local governments. Manatron has a strong presence in Florida, currently serving more than 25 Tax Collectors. The combined services and expertise of the two companies provide Florida Tax Collectors with a simplified and automated tax sale life cycle, from billing and collection, to auction and settlement.

In 2006, Bid4Assets auctioned 46,591 delinquent certificates with a face value of $68,197,655 for eight Florida County Tax Collectors. The previous year, Bid4Assets managed the Tax Sales for five Florida County Tax Collectors.

About Bid4Assets, Inc.

Bid4Assets.com is the largest seller of tax-defaulted properties on the Internet. Bid4Assets conducts online auctions for a growing list of federal and state government agencies, including more than 40 counties nationwide, the U.S.Marshals Service and the U.S. Department of Treasury. The privately-held company, launched in 1999, is based in Silver Spring, Md.

Labels: bid4assets, tax auctions, tax lien instruments, tax liens

Hillsborough County, FL is having two tax deed sales on 4/30/07 and 5/7/07. You can take a look at their tax deed list here. Please note tax deeds are totally different from tax liens, you own the property rather than gain interest on the tax lien. Some people have asked what 'offline' means in the article heading, that means the auction is at a real place rather than online.

You could say this is one way to get "cheap" Florida land. Here's some info on some of the properties [parcel number is the middle field]:

2007-85 154562.0000 AVAILABLE
2007-86 156835.0000 AVAILABLE
2007-87 032664.0050 AVAILABLE
2007-88 058117.4098 AVAILABLE
2007-89 014489.0000 AVAILABLE
2007-90 206946.0000 AVAILABLE

Labels: foreclosures, tax deeds, tax instruments, tax lien certificates, tax lien instruments, tax liens, tax sales, upcoming tax auctions

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.

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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].

Labels: foreclosures, real estate, tax auctions, tax deeds, tax instruments, tax lien instruments, tax liens, tax sales