Tax Sales

Missouri Tax Lien Auctions

Creating Perceived Value
If you end up with any property type from a tax lien certificate that did not get redeemed or a tax deed property you bought, you might need to help potential buyers, investors, partners, or lenders see the value in the property. It may not be inherent, so you might have to help them visualize the potential.

How do you accomplish this? First of all, the better you understand the local market conditions the better you will be able position this property and add value. We went into great detail in a previous lesson about market research and all of the different elements to consider when you are evaluating a tax lien, those same factors come into play again when you take possession of the property.

Location

Additional opportunities with obscure assets obtained from tax deed sales
In many counties throughout the nation, you will come across tax lien certificates secured to obscure assets like mineral or water rights, easements, or even random or odd shaped parcels of land. What do you do with these? Do they have any potential? They might!!
Let’s define and describe the potential with each of these assets:

• Mineral Rights. In some areas these are separate from the property. They offer the owner of these the right to take minerals from land or to receive payment from the excavation of such minerals. If there was a recent discovery of a certain mineral in the area, you might consider buying these.

Hi everyone. I brought two houses off of ebay with back taxes. I got the quit claim deed for both properties. My plan was to live in one and rent out the duplex, but my problem is the duplex the taxes are due soon ($7500) and I don't have it. what are my options: can I sell this property or will I lose it once the state foreclose on it? Thanks

Texas Tax Deed Auctions: The Most Lucrative Tax Sale State - Part II

Favorable Texas Laws!
At this point I am sure that most of you understand tax delinquent property in Texas is sold for back taxes at a public auction. Now let�s cover some of the interesting distinctions and benefits that the Texas tax sale market can offer:

Texas Tax Deed Auctions: The Most Lucrative Tax Sale State - Part I

For the last 8 years I have been intimately involved in tax deed sales and tax lien sales. I’ve seen many programs covering this subject matter, come and go. I have also seen changes in the marketplace, changes in laws, and changes in the public’s perception of tax sales.

After working with nearly 1000 investors, I can say with great certainty that one thing has not changed: the opportunities and laws relating to Texas tax deed sales are second to none. In this article I discuss the Texas procedures the benefits that investment in Texas tax deed sales can have for the diligent investor. I will also dismiss some the misconceptions and marketing hype surrounding this type of investment technique.

Tax lien certificates can be assigned to another party. Let's say you have a buyers list of people that want a great rate of return or want to get certain types of properties. If you have these people on your buyers list, you now have a group of people that you could potentially assign a tax lien certificate to.

Obviously you would want to make sure these people are interested in the county you are buying these in, the collateral for the tax lien, and that you know what rate of return they want for their investment.

Let's first talk about what is occuring in our current world. Alot of smaller banks have failed over the last few years. What happens to their assets when this occurs? Well they get taken over by another lender. What does that new lender focus on...the performing assets most likely...why?...money now and not extra costs to try to pursue defaulted loan right!!!

So if these lenders focus most of their efforts on the perfomring assets then there are a lot of loans that they may not know about right!!! WEll this is occuring more often than not. How many of you know someone who has not paid their mortgage for well over a year or more. They are one of those people.

Most of the time when a person recieves a tax deed they will also receive title to a proeprty with a bunch of liens still tied to it. But wait, the county foreclosed on the property and I have the deed, doesn't that remove all of the liens!!!?? Not in most cases. If there are existing liens (mortgages, mechanics liens, etc) the county will not remove these and they will transfer with the property and be yours to remove from title. The county's tax deed is simply transfer of ownership only and not warranting a free and clear title.

Has anyone ever heard of the concept of "buying on contract" through the county? The concept is that when you buy a deed for the property thru the county, the county will actually help you finance the property. For instance, if the property is worth 100K and you bought the deed for 50K, the county will allow you to put only 5K (10% down ) and allow to pay yearly payments (one payment per year) until its all paid off. This sounds really good but I have not found any counties that offer such a deal. Does anyone know of any counties that offer this?