Buying Tax Lien Certificates Without Leaving Your Home

Perhaps you live in a tax deed state, or, for anyone reason, you just can't make it to any tax lien sales. No worries, you can still be a tax lien investor from the ease of your own home. This is made potential through over-the-counter sales or assignment purchases. Most states have a ideas in place to sell the tax lien certificates that are left over after the yearly tax sale.

This is a great occasion for you to spend your money all over the country without ever having to travel to the actual location in which you are investing. With over-the-counter tax lien certificates, you are getting the best of both worlds: the bidding competition is eliminated so you will get the maximum interest rate, and you are buying these liens at the lowest potential price. In fact, in some cases, you may get a tax lien certificate for less than the minimum bid price that it was offered at the auction.

Mecklenburg County Property Tax Rate

In order to get started, you will need to know each county's process for selling properties in their account after the tax sale, and how to get a list of these properties. Many counties want that you send an "Assignment Purchase" form letter or another type of application form letting the county know who you are and what information you are looking for. Some county Web sites will list the county's post tax sales process, and some states even allow you to download current property account lists for free. The cost of assignment buy lists in other counties can vary in any place from to about .

Calling a county directly for information is not always the best strategy. You won't always be able to reach the man (such as the County Treasurer or Tax Collector) you need to talk to, and the man you do talk to is not guaranteed to contribute the answers you are looking for. By sending a formal letter instead, it is more likely than you will get complete, correct information from the correct person.

Buying tax liens over the counter gives you a immense occasion to reduce, or even eliminate the redemption period. In many situations, the properties have been in county account for a lengthy estimate of time and are approaching, or even past the redemption period. This means that you will be able to foreclose on the property immediately or much sooner than if you had purchased the lien at an auction.

So, with this investing strategy, the tax lien certificate investor has the following advantages:
you buy the tax lien certificate at the lowest potential price, sometimes even lower than the primary minimum bid; you get the highest potential interest rate; you don't have to wait for an auction to start investing your money; you can spend when it is convenient for you, or when you have the capital available; you can spend as much time as you need to study the properties you are curious in, and won't feel rushed because a sale is arrival up.

Finally, something else to keep in mind -- just because a property didn't sell at the tax lien auction, it doesn't mean that the properties on the assignment buy lists are not worth looking at. There are roughly always a few gems to be found, and it is right on worth trying to find these gems.

Buying Tax Lien Certificates Without Leaving Your Home