Investing Without Losing

Please pardon our dust as we continue to upgrade our web site into an easier blog format (hosted by Google). We are redesigning this web site to make it easier to read on the eyes. Please let us know what you think by providing feedback on the discussion board.

We also made it easier to look up upcoming auctions. On the right side of the screen, there is a search box that says UPCOMING AUCTIONS. Simply press enter and it will search the site for upcoming auctions (or you can continue to look up the most recent posts).

Labels: tax deeds, tax liens, upgrades, web site

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

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!

Labels: colorado, tax liens

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.

Labels: bank of america, foreclosures, tax deeds, tax liens

Yavapai County Begins
Online Property Auction


It's here! The first online surplus property auction for Yavapai County, Arizona has begun. The Yavapai County Public Works Department has selected Realauction to hold the auction.

Bidders may register and place bids at www.yavapai.realauction.com through July 24 at 9:00 a.m., MST.

The online sale of surplus property follows two years of successful online tax lien auctions held by the Yavapai County Treasurer. The Public Works Department believes the Internet auction will save time and resources as well as expose the properties to more potential bidders than traditional auction methods.

Complete information is available on the web site, or by calling the Customer Service Center at 877-732-5282.


Realauction is committed to excellence in customer service and product innovation. If you ever have questions, please call us directly. We are growing and developing new products and services, and we look forward to hearing from you.

Sincerely,

The Realauction Team

Realauction
Email:customerservice@realauction.com
Phone:877-361-7325
Fax:954-424-7601
Web:http://www.realauction.com

Labels: arziona, tax deeds, tax liens

CHARLESTON (Illinois) — Eight properties are available in Coles County’s annual delinquent property tax auction, which has a bid deadline of Monday.

The minimum bid for each property is $644, and sealed bids must be submitted to the county treasurer’s office, 651 Jackson Ave., Charleston, according to information from the county’s tax agent. Catalogs listing and describing the property up for auction and complete bidding information are available at the treasurer’s office for $3.

The county conducts the auction each year on property where taxes haven’t been paid for a certain amount of time. The purpose is to try to get new owners for the property so they’ll pay the taxes in the future, though they don’t have to pay the taxes owed to this point.

Properties to be listed in the auction are:

-- A vacant lot at 620 Fifth St., Charleston.

-- A vacant lot on Quincy Avenue, Charleston.

-- A closed gas station at 1102 Madison Ave., Charleston.

-- A vacant lot at the corner of A and B streets, Charleston.

-- A vacant lot at 612 DeWitt Ave., Mattoon.

-- A vacant lot at 2509 DeWitt Ave., Mattoon.

-- Three parcels in North Okaw Township.

For more information, access this news article.


Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series

Labels: charleston, illinois tax auction, tax deeds, tax liens

Want more information on how to win in tax liens? Buy the book below.

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

There are several properties for sale in Osceola County, FL. The minimum bid is $396 for one property. The date of the auction is March 27, 2007, 11:00 AM. You can get directions by clicking here. You can find out more about their tax deed process here.

CTF: 03-5379
TITLEHOLDER: WILLIE WALKER
MATTIE D. WALKER
ASSESSED TO: WILLIE WALKER & MATTIE D. WALKER
APPLICANT: GWENDOLYN C. SCOLES
LEGAL: S 165 FT OF N 660 FT OF W ½ OF E ½ OF W ½ OF SW ¼,
LESS W 25 FT
LOCATED: SECTION 35, TOWNSHIP 27S, RANGE 33E
R 35 27 33 0000 3070 0000
BASE BID: $414.84


CTF: 04-5507
TITLEHOLDER: MARY MOORE
ASSESSED TO: MARY MOORE
APPLICANT: GWENDOLYN C. SCOLES
LEGAL: S 165 FT OF N 990 FT OF E 330 FT OF W 5280 OF S ½ & S 165 FT OF N 825 FT OF S ½ LESS W 5280 FT AKA 373, 357
LOCATED: SECTION 36, TOWNSHIP 27S, RANGE 33E
R 36 27 33 0000 3730 0000
BASE BID: $396.99


CTF: 04-5536
TITLEHOLDER: ELIZABETH LOUISE McCLESKEY
ASSESSED TO: ELIZABETH L. McCLERSKEY
APPLICANT: ALLEN CONSERVANCY IN BROUSSARD
LEGAL: W ½ OF W ½ OF NW ¼ OF NE ¼ OF NW ¼ & E ½ OF E ½ OF NE ¼ OF NW ¼ OF NW ¼
LOCATED: SECTION 24, TOWNSHIP 28S, RANGE 33E
R 24 28 33 0000 2122 0030
BASE BID: $557.76


CTF: 04-5537
TITLEHOLDER: GLORIA ROBINSON, BETTY BUTLER, DAISY M. JACKSON &
LAURA COLLIER SANDERS & ESTATE OF LAURA SANDERS
ASSESSED TO: GLORIA ROBINSON & BETTY BUTLER
APPLICANT: ALLEN CONSERVANCY IN BROUSSARD
LEGAL: E ½ OF NE ¼ OF NE ¼ OF NE ¼ OF SW ¼
LOCATED: SECTION 24, TOWNSHIP 28S, RANGE 33E
R 24 28 33 0000 3111 0011
BASE BID: $342.75


CTF: 04-5538
TITLEHOLDER: JEANNE FRANCES HOPPER
ASSESSED TO: JEANNE FRANCES HOOPER
APPLICANT: ALLEN CONSERVANCY IN BROUSSARD
LEGAL: SW ¼ OF SE ¼ OF NE ¼ OF SW ¼
LOCATED: SECTION 24, TOWNSHIP 28S, RANGE 33E
R 24 28 33 0000 3143 0010
BASE BID: $432.22

Labels: foreclosures, investing without losing, real estate, tax deeds, tax liens

Erie County is getting some help in balancing its budgets funding schools, roads and other infrastructures through tax lien money.

Looking ahead, the 2007 budget is balanced, according to county officials, although that will be done without any tax increase and so will likely not have a large surplus. Added tax lien money, collected under a new and better contract, will be used to help restore fund balance.

Source: http://www.buffalonews.com/149/story/35703.html

Labels: foreclosures, investing without losing, investments, real estate, tax deeds, tax liens

Starting March 12 and running for three days, Maryland-based Bid4Assets in conjunction with the county Treasurer's Office will sell off Santa Cruz County properties on its Web site. For more information, you can visit http://www.bid4assets.com/storefront/?sfID=338.

Want more information on how to bid on these tax liens and tax deed auctions? Buy the best selling tax lien book, the Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN-10: 0978834682].

Labels: foreclosures, real estate, tax deeds, tax liens

Due to the local government's mistake, 11 lots that were not delinquent in taxes were sent to tax foreclosure auctions. According to Gulf Breeze News, a judge reversed the move.

After only about one hour of presentation and deliberation, property owners in La Caribe subdivision received good news: Judge Michael Allen reversed the foreclosure proceedings on 11 lots accidentally included in a tax lien sale earlier this month. The lots had been erroneously included in the description of the pool deck tax lien auctioned off, and Assistant County Attorney Steven West requested a reversal.

For the public that do not know -- if you do not pay your property taxes, your property may be auctioned off for a fraction of the market price. On rare occassions like this one, the county makes a mistake. Luckily, it doesn't happen too often.

Want more information on how to invest in tax liens, tax deeds, and foreclosures? Buy the Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN-10: 0978834682].

Labels: foreclosures, tax deeds, tax liens

The following auctions are held by the federal government. They are similar to tax deed / foreclosure deeds. If you want to know how to participate, bid, and win on these auctions, please see our guide: Complete Guide to Real Estate Tax Liens and Foreclosure Deeds -- Learn in 7 Days.

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

Feb 28 - Lakefront Single Family Home - Royal Palm Beach, FL Feb 28 - Beachfront Condo Unit - Sunny Isles Beach, FL Mar 6 - Single Family Home on 7 +/- Acres - Indianapolis, IN Mar 6 - 5 +/- Acres of Land with Single Family Home - Indianapolis, IN Mar 6 - 5 +/- Acres of Land - Indianapolis, IN Mar 6 - (2) 4.9 +/- Acres of Land - Indianapolis, IN Mar 7 - Single Family Home - Maitland, FL Mar 16 - Single Family Home - Las Vegas, NV Mar 21 - Single Family Residence- San Gabriel, CA

Mar 21 - (2) Vacant Land - Los Angeles, CA

Mar 21 - Commercial/Residential Building - New Hyde Park, NY (details coming) Mar 22 - SF Home on 5 +/- Acres - Upper Brookville, NY (details coming) Mar 22 - 23 +/- Acres of Land - Brownsville, TX (details coming) Mar 23 - (3) Single Family Homes - Laredo, TX Coming Soon - Single Family Home on Canal - North Miami Beach, FL Coming Soon - Commercial Warehouse Buildings - New Hyde Park, NY Coming Soon - Condo Unit - Canton, MA Coming Soon - Single Family Home - Nashville, TN

Details of some auction dates in the calendar above are in the process of being confirmed. Please check back at the Auction Calendar (link below) for updates. http://www.treas.gov/auctions/customs/realprop.html

___________________________________________________

[2] FEATURED AUCTIONS

Feb 13 - Single Family Home - Millersport, Ohio http://www.treas.gov/auctions/customs/hollywoodblvd.html

Feb 13 - Lakefront Lot - Millersport, Ohio http://www.treas.gov/auctions/customs/northbank.html

Feb 22 - Commerical Building (4,539 ± sq. ft.) - Orosi, CA http://www.treas.gov/auctions/customs/12775avenue416.html

Feb 22 - Commerical Building (6,102 ± sq. ft.) - Orosi, CA http://www.treas.gov/auctions/customs/12777avenue416.html

Feb 22 - Residential Land - Dinuba, CA http://www.treas.gov/auctions/customs/10294avenue424.html

Feb 22 - 27 ± Acres of Agricultural Land - Dinuba, CA http://www.treas.gov/auctions/customs/9922avenue424.html

Feb 27 - Single Family Home - Trujillo Alto, Puerto Rico http://www.treas.gov/auctions/customs/primavera.html

Feb 27 - Condo Unit - Guaynabo, Puerto Rico http://www.treas.gov/auctions/customs/sanmiguel.html

Feb 27 - Vacant Land - Guaynabo, Puerto Rico http://www.treas.gov/auctions/customs/piedrasblancas.html

Feb 28 - Lakefront Single Family Home - Royal Palm Beach, FL http://www.treas.gov/auctions/customs/royalpalmbeach.html

Feb 28 - Beachfront Condo Unit - Sunny Isles Beach, FL http://www.treas.gov/auctions/customs/sunnyislesbeach.html

Mar 6 - Single Family Home on 7 +/- Acres - Indianapolis, IN http://www.treas.gov/auctions/customs/oaklandonroad.html

Mar 6 - 5 +/- Acres of Land with Single Family Home - Indianapolis, IN http://www.treas.gov/auctions/customs/12110e79thstreet.html

Mar 6 - 5 +/- Acres of Land - Indianapolis, IN http://www.treas.gov/auctions/customs/12106e79thstreet.html

Mar 6 - 4.9 +/- Acres of Land - Indianapolis, IN

Address: 12104 E. 79th Street http://www.treas.gov/auctions/customs/12104e79thstreet.html

Mar 6 - 4.9 +/- Acres of Land - Indianapolis, IN

Address: 12102 E. 79th Street http://www.treas.gov/auctions/customs/12102e79thstreet.html

Mar 7 - Single Family Home - Maitland, FL http://www.treas.gov/auctions/customs/talmedatrail.html

Mar 16 - Single Family Home - Las Vegas, NV http://www.treas.gov/auctions/customs/breakpointave.html

Mar 21 - Vacant Land - Los Angeles, CA

Address: 944 Micheltorena Street http://www.treas.gov/auctions/customs/micheltorena944.html

Mar 21 - Vacant Land - Los Angeles, CA

Address: 960 Micheltorena Street http://www.treas.gov/auctions/customs/micheltorena960.html

Mar 21 - Single Family Residence- San Gabriel, CA

http://www.treas.gov/auctions/customs/norwoodplace.html

Mar 23 - Single Family Home, 2 br, 2 ba - Laredo, TX http://www.treas.gov/auctions/customs/jalapastreet.html

Mar 23 - Single Family Home, 3 br, 2 ba - Laredo, TX http://www.treas.gov/auctions/customs/calletuxpan.html

Mar 23 - Single Family Home, 3 br, 3 ba - Laredo, TX http://www.treas.gov/auctions/customs/sansalvadorstreet.html

___________________________________________________

[3] OTHER AUCTIONS

Feb 12-13 - 1968 Grumman Gulfstream GII-59 - (Bid Online) http://www.cwsmarketing.com/cwsauctions/LotDetail.cfm?Lot_ID=2948

Feb 16 - Seized & Forfeited Car Auction - East Brunswick, NJ

http://www.cwsmarketing.com/current/live_usms_veh1.cfm

Feb 22-23 - U.S. Customs & Border Protection - Photo Frames Auction - (Bid Online) 7 lots of photo frames & albums by Burnes of Boston http://www.cwsmarketing.com/cwsauctions/Subcategory.cfm?Category_ID=103

Mar 8 - Unclaimed or Abandoned Personal Property Auction - Los Angeles, CA Inventory listing coming in mid February http://www.treas.gov/auctions/customs/la.html

Mar 29 - Unclaimed or Abandoned Personal Property Auction - Edison, NJ Inventory listing coming in March http://www.treas.gov/auctions/customs/edison.html

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

Kern County, California is having an online tax deed auction! 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.

------------------

MEDIA ADVISORY

Media Contacts
Bid4Assets: Kern County:
Kurt Gallagher Jordan Kaufman
(301) 562-3434 (661) 868-3447
kgallagher@bid4assets.com

Kern County, Calif. Announces Upcoming online tax auction

306 properties for sale on Bid4Assets Web site; Auctions Close Feb. 28, 2007

What: Kern County, Calif. Online Tax Auction

Auction Dates: In Preview Now
Deposit Deadline Feb. 20
Bidding Opens Feb. 26
Bidding Closes Feb. 28

Where: www.bid4assets.com/kern

SILVER SPRING, Md., Jan. 29, 2007 – Kern County Treasurer-Tax Collector Jackie Denney today announced an upcoming online tax auction for Feb. 26-28, 2007. The auction is being conducted by Bid4Assets, the leading online auction service provider for forfeited, surplus and tax-defaulted government property. Kern County is offering 306 properties for sale and interested participants can review the auctions at www.bid4assets.com/kern.

Minimum bids start as low as $500, and no properties in the auction have a reserve price. Bidding opens at 8 a.m. PST on Feb. 26 and ends at various times on Feb. 28. A deposit of $5,000 (plus a $15 processing fee) is required in order to bid on the properties and should be submitted by 1 p.m. PST, Feb. 20, to allow for sufficient processing time. The individual auction listing pages, found at www.bid4assets.com/kern, provide additional instructions for submitting the deposit and bidding.

About Bid4Assets, Inc.
Bid4Assets (www.bid4assets.com) is the online auction marketplace for high-value assets, like real estate, jewelry and rare collectibles from government and private sellers. 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: complete guide to tax liens, foreclosures, investing without losing, tax deeds, tax liens

Coconino, AZ is having an offline tax auction on Feb 15th, 2007. For more information, access their web site at: http://www.co.coconino.az.us/treasurer.aspx?id=558. 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.

INFO FOUND BELOW...

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 www.azdailysun.com. 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: www.azleg.state.az.us/ArizonaRevisedStatutes.asp.

Labels: complete guide to tax liens, investing without losing, tax instruments, tax lien certificates, 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.

---
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