If you’re looking to supplement your income or build your retirement,
safe, certain, and high-yielding tax lien certificates and tax deeds
are the ultimate wealth builder.

Here’s a list of a few upcoming tax lien certificate and tax deed auctions:

ARKANSAS (6 TAX DEED AUCTIONS)
CALIFORNIA (1 TAX DEED AUCTION)
CONNECTICUT (11 TAX DEED AUCTIONS)
DELAWARE (3 TAX DEED AUCTIONS)
FLORIDA (18 TAX DEED AUCTIONS)
GEORGIA (44 TAX DEED HYBRID AUCTIONS)
IOWA (16 SHERIFF AUCTIONS)
IDAHO (1 TAX DEED AUCTIONS)
ILLINOIS (2 TAX LIEN CERTIFICATE AUCTIONS)
INDIANA (76 SHERIFF AUCTIONS) (15 TAX LIEN CERTIFICATE AUCTIONS)
KANSAS (6 SHERIFF AUCTIONS) (2 TAX DEED AUCTIONS)
KENTUCKY (2 TAX LIEN CERTIFICATE AUCTIONS)
LOUISIANA (9 SHERIFF AUCTIONS)
MICHIGAN (9 TAX DEED AUCTIONS)
MINNESOTA (3 TAX DEED AUCTIONS)
NORTH CAROLINA (8 TAX DEED AUCTIONS)
NEW JERSEY (6 TAX LIEN CERTIFICATE AUCTIONS)
NEW MEXICO (2 TAX DEED AUCTIONS)
NEW YORK (2 TAX DEED AUCTIONS)
OHIO (55 TAX DEED AUCTIONS)(8 SHERIFF AUCTIONS)(6 FORECLOSED AUCTIONS)
PENNSYLVANIA (20 TAX DEED AUCTIONS)(14 SHERIFF AUCTIONS)
TENNESSEE (2 TAX DEED HYBRID AUCTIONS)
TEXAS (207 TAX DEED HYBRID AUCTIONS)
VIRGINIA (1 TAX DEED AUCTIONS)
WISCONSIN (2 TAX DEED AUCTIONS)
WYOMING (4 TAX LIEN CERTIFICATE AUCTIONS)

No matter what your age, it is never too late (or too early) to put
the tremendous wealth-creating power of high-yielding tax lien
certificates to work for you. Whether you’re looking to supplement
your monthly income or build your retirement nest egg; safe, certain,
and high-yielding tax lien certificates are the ideal investment.

Where else can you get law-mandated rates as high as 16%, 18%, 20% up
to 50% secured by real estate? The best part is these rates are fixed
to stay high, no matter what happens in the stock market. These
interest rates are mandated by law!

Get your complimentary copy of my 4 CD Creating Wealth Without Risk
audio program at the link below (supplies are limited):

Click here

Opportunity is knocking and now is your chance to take advantage of
the tremendous wealth-generating potential of safe, certain, and
high-yielding tax lien certificates and tax deeds

Massive Success,

Steven E. Waters
Creating Wealth Without Risk

http://www.taxlienuniversity.com

07/18/11 Manatee County, FL (Tax Deed Properties)
07/18/11 Santa Rosa County, FL (Tax Deed Properties)
07/18/11 Breckinridge County, KY (Tax Lien Certificates)
07/18/11 Casey County, KY (Tax Lien Certificates)
07/18/11 Jessamine County, KY (Tax Lien Certificates)
07/18/11 Bell County, KY (Tax Lien Certificates)
07/18/11 Harrison County, KY (Tax Lien Certificates)
07/18/11 Mercer County, KY (Tax Lien Certificates)
07/18/11 Steuben County, NY (Tax Deed Properties)
07/21/11 Union County, AR (Tax Deed Properties)
07/21/11 Hillsborough County, FL (Tax Deed Properties)
07/21/11 Orange County, FL (Tax Deed Properties)
07/21/11 Polk County, FL (Tax Deed Properties)
07/21/11 Campbell County, KY Tax Lien Certificate
07/21/11 Fayette County, KY (Tax Lien Certificates)
07/21/11 Jefferson County, KY (Tax Lien Certificates)
07/21/11 Marshall County, KY (Tax Lien Certificates)
07/21/11 Trimble County, KY (Tax Lien Certificates)
07/21/11 Polk County, MN (Tax Deed Properties)
07/21/11 Niobrara County, WY (Tax Lien Certificates)
07/22/11 Christian County, IL (Tax Lien Certificates)
07/22/11 Morgan County, IL (Tax Lien Certificates)
07/22/11 Franklin County, KY (Tax Lien Certificates)
07/23/11 Ada County, ID (Tax Deed Properties)
07/25/11 Santa Rosa County, FL (Tax Deed Properties)
07/25/11 St. Lucie County, FL (Tax Deed Properties)
07/25/11 Harlan County, KY (Tax Lien Certificates)
07/25/11 Owen County, KY (Tax Lien Certificates)
07/25/11 Pendleton County, KY (Tax Lien Certificates)
07/26/11 Newton County, AR (Tax Deed Properties)
07/26/11 Lee County, FL (Tax Deed Properties)
07/26/11 Volusia County, FL (Tax Deed Properties)
07/26/11 Kenton County, KY (Tax Lien Certificates)
07/26/11 Simpson County, KY T(Tax Lien Certificates)
07/26/11 Macomb County, AR (Tax Deed Properties)
07/26/11 Transylvania County, NC (Tax Deed Properties)
07/27/11 Boone County, AR (Tax Deed Properties)
07/27/11 Marion County, AR (Tax Deed Properties)
07/27/11 Pinellas County, FL (Tax Deed Properties)
07/27/11 Clay County, KY (Tax Lien Certificates)
07/27/11 Lewis County, KY (Tax Lien Certificates)
07/27/11 Logan County, KY (Tax Lien Certificates)
07/27/11 Robertson County, KY (Tax Lien Certificates)

Opportunity іѕ knocking аnd now іѕ уουr chance tο take advantage οf thе tremendous wealth-generating potential οf safe, сеrtаіn, аnd high-yielding tax lien certificates аnd tax deeds!

Gеt уουr complimentary copy οf mу 4 CD Crеаtіng Wealth Without Risk audio program аt thе link below (supplies аrе limited):

Click here

Dіd уου know уου саn рυrсhаѕе tax lien certificates аnd tax deeds wіth уουr retirement account? Grow уουr retirement funds wіth safe, сеrtаіn, аnd high-yielding tax lien certificates.

Massive Success,

Steven E. Waters
Crеаtіng Wealth Without Risk

http://www.taxlienuniversity.com/

In Alabama, real estate property taxes are due October 1 and are considered delinquent after December 31 of each year.

According to Alabama State Tax Law, on January 1st County Revenue Commissioners begin making prepartions to sell tax delinquent properties to satisfy outstanding real estate taxes.

All properties with out-standing taxes are assessed a $5.00 penalty and begin accruing interest at the rate of 12% annually, compounded daily as of January 1 of each year.

Alabama State Law requires that tax delinquent property owners be notified by certified mail once in February and again in March.

In addition, Alabama State Tax Law requires that all tax delinquent properties be advertised in a local publication (such as a newspaper) a total of (3) consecutive times in the month of March and (3) three times in the month of May.

Properties remaining delinquent are sold at County Tax Sales during the month of May each year. The opening bid for tax delinquent properties includes the back taxes, cost of advertisement, cost of certified mailings, citation fees, penalties and interest. The bidder with the greatest bid is awarded a “certificate of purchase” or tax lien certificate.

The delinquent owner has (3) three years from the date the tax lien certificate was sold to redeem his or her interest in the property. To redeem, the delinquent owner must tender the amount the bidder paid to purchase the Alabama tax lien certificate plus 12% per annum on the minimum bid and the overbid, provided that it is less than or equal to 15 percent of the market value of the property as established by the county board of equalization.

If the property is not redeemed before the expiration of the (3) three year redemption period the owner of the tax lien certificate can apply for a tax deed by surrendering the tax lien certificate to the Judge of Probate, who in turn issues a tax deed.

Tax lien certificates which are not sold at the county tax sale are transferred to the Property Tax Division of the State of Alabama’s Department of Revenue located in Montgomery, Alabama. These transferred to state properties are available for purchase from the state by application.

In conclusion, Alabama tax lien certificates can be a safe, certain, and highly-profitable way to invest your money. Basically, you are investing your money with the County and when the County Tax Collector receives payment from the delinquent owner, they send you a check, returning what you paid to purchase the tax lien certificate plus interest compouding daily at the rate of 12% annually.

Furthermore, Alabama tax lien certificates are a safe investment because the rise and fall of interest rates has no effect on Alabama tax lien certificates. Unlike the stock market, interest rates on Alabama tax lien certificates are mandated by Alabama Tax Law.

In addition, Alabama tax lien certificates are secured by real estate. So if you do not receive what you paid to purchase the Alabama tax lien certificate plus interest before the expiration of the (3) three year redemption period, you get the property; usually free and clear of mortgages.

So one of two things can happen when you buy Alabama tax lien certificates, either you will receive high interest rate returns or you will get the real estate for a fraction of its true market value.

06/15/11 Morristown, NJ (110 Tax Lien Certificates)
06/15/11 Seminole County, FL (3 Tax Deed Properties)
06/15/11 Lincoln County, NM (43 Tax Deed Properties)
06/16/11 Benton County, AR (424 Tax Deed Properties)
06/16/11 Polk County, FL (66 Tax Deed Properties)
06/16/11 Rutherford, NJ (45 Tax Lien Certificates)
06/16/11 Spotswood, NJ (12 Tax Lien Certificates)
06/16/11 Waterford, NJ (247 Tax Lien Certificates)
06/20/11 Polk County, IA (6212 Tax Lien Certificates)
06/20/11 Scott County, IA (5830 Tax Lien Certificates)
06/22/11 Marion County, FL (58 Tax Deed Properties)
06/29/11 Orange County, CA (42 Tax Deed Properties)
06/29/11 Santa Clara County, CA (48 Tax Deed Properties)

Opportunity is knocking and now is your chance to take advantage of the tremendous wealth-generating potential of safe, certain, and high-yielding tax lien certificates and tax deeds!

Get your complimentary copy of my 4 CD Creating Wealth Without Risk audio program at the link below (supplies are limited):

Click here

Did you know you can purchase tax lien certificates and tax deeds with your retirement account? Grow your retirement funds with safe, certain, and high-yielding tax lien certificates.

Massive Success,

Steven E. Waters
Creating Wealth Without Risk

http://www.taxlienuniversity.com/

Let’s think about it. With over 3200 plus counties across the United States and the average cost of a tax sale list ranging from $15 to $50 bucks each, an investor could spend $48,000 to $160,000 a year on tax sale lists. Wow, that’s a lot of money to hand-over for some information that you could be getting for free.

Let’s be realistic, chances are you’ll never spend that much, it’s more likely that you’ll need 25 to 65 tax sale lists a year. Even at that volume you could save yourself $375 to $3250 a year. With a little insight you could purchase another tax lien certificate or tax deed and begin earning interest at 16% to 50% per year. Better yet, if you did your research right, it doesn’t get redeemed and you become the owner of a valuable piece of property for a fraction of it’s true market value.

Here’s the kicker, the tax sale list companies don’t want you to know that they scan, swipe and download all of the information from the county websites for free. Then they turn around and sell this free information to investors for $15 to $50 bucks a list. Sure it saves the investor from having to find that information on his own but it’s really not that hard to find to begin with. You just have to know where to look.

For example, I just visited the website for one of the main providers of tax sale lists. They want $65 for the Navajo, County tax sale list. So I surfed to the Navajo County Website and downloaded the same information for free saving me $65 bucks. Not bad for one minutes worth of work. Better in my pocket than theirs.

So here’s how I did it and you can too;

First, you have to locate the web address for the desired county. As a tax sale investor you’ll eventually need to learn how to find public information fast. I’ve discovered a few time and money saving resources. When it comes to finding county websites I usually will visit NACO.org (National Association of Counties Online).

When you get to NACO.org click on “About Counties” then on “Find a County”. At that point you’ll be brought to a page displaying a map of the United States. Simply click on the desired state, then the desired county. When the county page loads, look to see if the county name is a hyperlink. If so it will take you to the county website. If not you may have to try google or call the county.

Second, navigate to the tax collector or treasurers page. When you arrive on the county website you’ll have to find and navigate to the page dedicated to the collection of delinquent real estate property taxes. More often than not this is the county treasurer or tax collector. Sometimes you’ll see a departments link on the menu which will load a page listing the links for the various county department pages. If not, try to find the county site map page as this will display all pages on the county website.

Third, find the link to download the tax sale list. Once you’ve found the right department and page simply snoop around for information on “delinquent property taxes”, “tax sale information” or “tax sale list“. If you still have trouble finding it, pick up the phone and call the county. Sometimes they’ll offer to mail it on a disk saved as an excel spreadsheet (my preferred format). In some cases, they may charge a small shipping and handling fee. But always try to get the tax sale list for free from the website or via email.

In conclusion, you could save yourself a dump truck full of cash over your career as a tax sale investor by knowing how to get tax sale lists for free. In addition, you could use those savings to generate 16% to 50% or more by investing in tax lien certificates and tax deeds. And if you’ve done your homework correctly, you could become the proud new owner of a valuable piece of real estate for a fraction of its true market value.

The laws and procedures for collecting delinquent real estate property taxes will vary from state to state. However, in every state real estate property taxes help fund essential local services. These services include public schools, medical, police and fire protection.

Delinquent real estate taxes create a serious cash-flow problem for local governments. To get their money quickly, county and municipal governments sell their non-performing tax liens at local real estate tax sales.

Investors gather at these tax sales to bid and compete for the purchase of the local government’s lien for property taxes. The investor with the winning bid receives the county or municipal’s lien for real estate property taxes. Generally, the minimum bid for a tax lien includes the delinquent taxes, penalties, fees, interest and costs of the tax sale. The sale and transfer of the tax lien from the county or municipal to the investor helps to generate the money needed to fund important government services.

By purchasing the tax lien, the investor is effectively creating a high-interest loan between the homeowner and himself. Just like a mortgage, the tax lien is secured by real estate. The homeowner cannot refinance or sell the property until the debt is satisfied and the tax lien is cleared. The property owner has a legal right and period of time in which to clear the tax lien or risk losing the property. This right is called the owners “right of redemption” and the period of time in which to exercise this right is referred to as the “redemption period.”

If the homeowner or anyone having an interest in the property fails to exercise their right to redeem within the statute mandated redemption period, the investor can foreclose the owner’s right to redeem. The process and requirements to foreclose will vary from state to state. Ultimately, the foreclosure process extinguishes the property owner’s claim to the real estate, secures the tax lien and transfers ownership to the investor.

Notice of Sale

Usually, state statute requires that the tax collector or treasurer send delinquent owners a notice of their delinquency and the impending tax sale.

Once the designated time has passed, the local taxing district will generate a list of liens to be offered at the upcoming tax sale. This list will contain all the properties for which outstanding property taxes are due. Generally speaking, most taxing districts and counties will hold the tax sale once a year, while others may hold it several times a year.

To ensure timely notice, the taxing district must advertise a “Notice of Sale” in a newspaper of general circulation. In most cases, the notice will appear in the newspaper for two or three consecutive weeks prior to the tax sale. In most states, the tax collector is required by state law to send written notice of the looming tax sale to those with an interest in the property.

The notice is designed to allow tax delinquent homeowners adequate time to make payment of delinquent property taxes, fees and interest charges. Practically speaking, the list published in the newspaper is not the most reliable and up-to-date source, since many of the tax liens have been released as homeowners have stepped forward at the last minute to pay their property taxes.

Tax Sale List

After several notifications, the tax collector or treasurer will prepare and publish a list of tax delinquent properties. The tax sale list is usually published 30 to 60 days before the impending tax sale is scheduled to occur. The tax sale list is generally published in the legal section of local newspaper of general circulation.

In larger counties, like Los Angeles, California, investors may be required to pay a shipping and handling fee, as the list can be as large as a phone book. In most cases, the list is free and can even be downloaded from the county website.

Registration

Typically, prior to bidding, all U.S. citizens wishing to bid MUST provide the treasurer or tax collector’s office with a completed W-9 (W-8BEN for foreigners) and a bidder’s information form. Usually, these forms may be obtained from the tax collector or treasurer’s office.

The Tax Sale

A tax sale is usually held according to a published notice after a court has rendered a judgment for the tax and penalties and has ordered that the property be sold. Because a specific amount of delinquent tax and penalties must be collected, the purchaser at a tax sale must pay at least that amount. A tax lien certificate or tax deed is usually given to the successful bidder.

Not all tax sales are conducted the same. In fact, there are three different types of tax sales used to recover delinquent real estate taxes:

• Tax Liens (Tax Lien Certificates)
• Tax Deeds
• Hybrid Tax Deeds

As you will discover, some states, like Florida, participate in more than one type of tax sale. Please review the following diagram of the various tax sale systems:

Massive Success,

Steven E. Waters
Creating Wealth Without Risk™
http://www.taxlienuniversity.com/

PS: If you haven’t taken advantage of the FREE AUDIO offer I would suggest doing so NOW. Click here.

Lien priority describes the “pecking order” of liens. In other words, the order of importance each lien has over other liens. It also refers to the order in which claims against the property will be paid off. “First come, first served” is a general law, which governs the priority of liens. Generally speaking, the priority of a lien is established by the date in which it was publicly recorded. Therefore, a lien that is recorded or filed first has priority over a lien that is recorded or filed later, unless a statute or law indicates otherwise.

For example: the Marriott Mansion is ordered to be sold by the court to satisfy Bill’s debts. The property is subject to a $50,000 judgment lien, incurred as a result of a suit to recover a mechanic’s lien. $295,000 in interest and principal remains to be paid on Marriott Mansion’s mortgage. This year’s unpaid real estate taxes amount to $5,000. The judgment lien was entered into the public record on February 7, 1996 and the mortgage lien was recorded January 22, 1992.

If the Marriott Mansion is sold at the tax sale for $375,000, the proceeds of the sale will be distributed in the following order:

• $5,000 to the taxing bodies for this year’s real estate taxes
• $295,000 to the mortgage lender (the entire amount of the mortgage loan outstanding as of the date of sale)
• $50,000 to the creditor named in the judgment lien
• $25,000 to Bill (the proceeds remaining after paying the first three claims/liens)

However, if the Marriott Mansion sold for $325,000, the proceeds would be distributed as follows:

• $5,000 to the taxing bodies for this year’s real estate taxes
• $295,000 to the mortgage lender (the entire amount of the mortgage loan outstanding as date of sale)
• $25,000 to the creditor named in the judgment lien
• $0 to Bill (the proceeds remaining after paying the first three claims/liens)

Although the creditor is not repaid in full, this outcome is considered fair for two reasons:

• The creditor’s interest arose later than the others, so the others’ interest took priority.
• The creditor knew (or should have known) about the creditors ahead of it when it extended to Bill, so it was aware (or should have been aware) of the risk involved.

One of the major benefits of investing in tax lien certificates is that real estate property tax liens are almost always senior to any other lien, with the exception of other real estate tax liens and state-held liens in Arizona and New Mexico. Therefore, it is important to research the property and its owner to determine if there are any outstanding liens against the property that will not be extinguished by the foreclosure of the tax lien.

Massive Success,

Steven E. Waters
Creating Wealth Without Risk™
http://www.taxlienuniversity.com/

PS: If you haven’t taken advantage of the FREE AUDIO offer I would suggest doing so NOW. Click here.

First and foremost, real estate tax liens do not attach to people but to real property. Once a property becomes encumbered with a lien, it prevents the owner from selling the property until the lien has been released. Otherwise, an existing lien holder could enforce his/her claim through foreclosure, allowing him or her to take title to the real estate. This action effectively removes any claim to the property by junior lien holders.

Title Search

To avoid losing a property to a pre-existing or senior lien holder, a growing number of lending institutions require a title search to be conducted before lending money for the purchase of real estate. A title search is an examination of public records, laws and court actions to make sure that the seller is the legal owner and to reveal all other claims or encumbrances on the property.

Title Insurance

As an added precaution and condition of the loan, lenders will require borrowers to take out a title insurance policy. Title insurance is a contract under which the policyholder is protected from losses arising from defects in the title. A title company determines whether the title is insurable, after a review of the public records. If the title search proves little to no risk is present, a policy is issued. Unlike other insurance policies that insure against future loses, title insurance protects the insured against an event that occurred before the policy was issued.

Escrow Account

In addition, many lenders require that borrowers provide a reserve fund to meet future real estate taxes and property insurance premiums. This fund is often called a trust or escrow account. When the mortgage or deed of trust loan is made, the borrower starts the reserve by depositing funds to cover the amount of unpaid real estate taxes. If a new insurance policy has just been purchased, the insurance premium reserve will be started with the deposit of one twelfth of the insurance premium liability. The borrower’s monthly loan payments will include principal, interest, tax and insurance reserves, along with other costs, such as flood insurance or homeowner’s association dues.

When a lien is properly established, it becomes an encumbrance that sticks to the property, like a leach, and will not be removed or reinstated until all claims are satisfied.

Massive Success,

Steven E. Waters
Creating Wealth Without Risk™
http://www.taxlienuniversity.com/

PS: If you haven’t taken advantage of the FREE AUDIO offer I would suggest doing so NOW. Click here.

When a person borrows money to purchase real estate, the lender attaches a mortgage lien to the real estate. Once the lien has been correctly recorded, it encumbers the property and effectively secures the loan. In the event the borrower fails to pay the debt or mortgage, the lender can seize the property as collateral for the defaulting loan.

Liens against the title are not limited to security for loans such as a mortgage. Liens may be recorded against the property by federal, state, county and municipal agencies. When an individual fails to pay federal income taxes, the IRS may record a lien against the individual and his real estate. In addition, the state can record a lien for delinquent state income taxes. Finally, county and municipal taxing entities may record liens against the property for delinquent real estate taxes.

A lien is a legal instrument that allows an individual or agency to compel payment for services rendered or work performed.

For example: Let’s say you hired a carpenter to renovate your kitchen. After sometime, the carpenter invoices you for the work rendered. But, because of a job lay-off, you are either unable or unwilling to pay the bill.

What can the carpenter do?

The carpenter can record a Mechanic’s Lien against your real estate, effectively compelling payment for the work rendered. When you try to sell your home, the title company cannot issue title insurance until you have cleared the lien (paid the debt). Likewise, a lender would not offer financing to a borrower if the real estate securing the loan is encumbered with a pre-existing or senior lien. If the lender ignored the lien, they would risk a great chance of losing the property to the carpenter.

From a lender’s point of view, the Mechanic’s Lien threatens the lender’s interests in the real estate. Likewise, getting title insurance on a lien-encumbered property is nearly impossible.

Liens are not limited to lenders and contractors. A person, agency or corporation can use another person’s property to compel payment for work performed, services rendered or debts accrued by attaching a lien.

Not all liens are created the same.

Voluntary Lien: Basically, the borrower is voluntarily agreeing to use the property as collateral for the loan. The most common example of a voluntary lien is a mortgage. The borrower voluntarily allows the lien to attach to the real estate.

Involuntary Lien: A lien created by law or legal action without the consent of an owner. Examples include taxes, special assessments, federal income tax liens, judgment liens, mechanics liens and materials liens. Involuntary liens are not created the same. They are either statutory or equitable.

Statutory Lien: A lien that is created by statute. A real estate tax lien, for example, is an involuntary, statutory lien. It is created by statute without any action by the property owner.

Equitable lien: Is a lien, which arises out of common law. It is created by a court action. For example, a court- ordered judgment that requires a debtor to pay the balance on a delinquent charge account would be an involuntary, equitable lien on the debtor’s real estate.

Massive Success,

Steven E. Waters
Creating Wealth Without Risk™
http://www.taxlienuniversity.com/

PS: If you haven’t taken advantage of the FREE AUDIO offer I would suggest doing so NOW. Click here.