| Lien Sales are a good safe investment. Oklahoma | | | | investor is actually paying the outstanding bill at auction |
| offers both certificates and deed sales with the | | | | for the property owner, with the promise of being paid |
| certificate at 8% and redemption period 2 years. As | | | | back (with interest), in a timely manner. |
| far as deed sales all sales are public and go through a | | | | 2) By way of a deed sale. This occurs when |
| bidding procedure. | | | | delinquent taxes are not paid by a certain date. The |
| The opportunity to invest in is super do to fact most | | | | government then takes ownership of the property, |
| states do not allow both. So what is the difference | | | | which is attached to a lien and offers it for sale to |
| between the certificates and deeds? Plenty. | | | | highest bidder thus a deed sale takes place. Bidding |
| Oklahoma Tax Sales can earn a savvy investor good | | | | usually starts at the amount of back taxes owed plus |
| returns in both these scenarios: | | | | additional cost like court fees etc. Taking ownership of |
| 1) By way of a lien certificate. If you purchase a | | | | the property for the original tax owed plus minor |
| certificate you are purchasing the right to be | | | | additional costs could be 80% to 90% less than what |
| compensated for paying taxes that a delinquent payer | | | | the value of property is. |
| is not paying at the time the bill is due. When the | | | | Lien sales can be as simple as that if you know what |
| delinquent taxpayer pays the late taxes he will also | | | | to do, what to say and can follow the proper steps. |
| have to pay a penalty fee (8% mentioned above). | | | | If you try to wing it doing the wrong thing could quite |
| When the late bill is paid, the investor will receive the | | | | possibly get you banned forever from bidding not only |
| principal paid for the lien along with any interest, which | | | | in the county the property is in but in the whole state. |
| has accrued. When purchasing a certificate, the | | | | |