| Did you know that tax deed sales run the gamut of | | | | Overextended -- no longer a necessity -- walkaway. |
| rock-bottom real estate bargains? With raw | | | | Bank foreclosure -- if unsold, and bank neglects to pay |
| undeveloped land, agricultural and residential land, all the | | | | taxes on time. |
| way up to condos and expensive homes, going up | | | | Deceased estate -- dead or alive, taxes must still be |
| before a public auction, the bargains just keep coming. | | | | paid. |
| Tax deed sales are not bank foreclosures. They are | | | | With the enormous backlog of foreclosures hitting the |
| government foreclosures conducted by local County | | | | court system, and the marketplace, banks cannot |
| government as a result of the failure of the owners to | | | | keep up with the deluge. Buyers of bank auction |
| pay the property taxes in a timely manner. Banks | | | | properties have never been in a better position to |
| foreclosures are usually when hundreds of thousands | | | | legally steal from a bank! |
| of dollars are owed, whereas government | | | | Lands, condos, and houses, where the only |
| foreclosures can be for as little as a few hundred | | | | encumbrances are the taxes owed, are hitting the |
| dollars! | | | | government auction sales. People who owed nothing |
| The County forecloses and conducts a sale at public | | | | but the taxes are electing to walkaway from an asset |
| auction for the taxes and penalties owed. If the taxes | | | | for all kinds of reasons, some listed above. |
| are not paid a lien is placed against the property and | | | | Four things you must do to profit from this. |
| the delinquent taxpayers given a period of time to | | | | Make up your mind to invest in tax deed sales. |
| redeem, or pay the arrears, before the auction of the | | | | Take the course and learn investing skills -- it is not |
| property to the public, to collect back taxes owed. | | | | that difficult. |
| Some of the causes of high value properties reaching | | | | Research, then find and buy property at rock-bottom |
| a tax deed sale are as follows... | | | | prices. |
| Job loss -- causing default. | | | | Resell at a profit! |
| Strategic walkaway -- budget constraints, or owes | | | | When you buy rock-bottom bargains, turning a profit is |
| more than it's worth. (Underwater) | | | | only a matter of time. |
| Lost contact -- absentee owner can not be contacted. | | | | "You got a be in it, to win it! |
| Divorce -- disagreement causing default -- walkaway. | | | | |