Tax Sales

If you have a lot of money or very little, then tax liens can be a great way to get started investing. About half the states offer liens for the public to buy.

Tax liens are a great way for an investor with little money to get in to the real estate market. I often encourage a new student to buy a few liens so that they can start putting dollars to work quickly. The returns are very good, usually between 12% to 18%, and the redemption periods are often two years or less.

Colorado every year has their tax lien sales Oct-Jan for the most part.
Colorado's annual interest is 10%
These sales are on a county level, most counties in CO will have auctions where you have to be there in person, though some will be online at these websites.
www.realauction.com & www.sri-onlineauctions.com
Also when the auctions are over across the state, they will sell them first come first serve (over the counter)
The Auctions in CO are premium bid auctions which means highest bidder wins.
The premiums do not get redeemed or build interest.
so example
if the value of the lien is 1000$ & I win it for 1200$
That premium amount of 200$ will not get redeemed back or build interest, the lien will redeem 1000$ + interest. Thus I'm probably going to lose money.

All 50 states have their own way of doing tax sales
Lien, deed, redeemable deed or some are hybrid that do both lien and deed sales.
If you are interested in a list of all 50 states document that shows their tax sale process
send me a private message with your email & I will send it to you.
It provides information such as
-Lien, deed, redeemable deed or hybrid state
-When they have their auctions in the year
-If they have their sales online at what web address
-If they do "OTC" (over the counter sales) or not.
Also
If you have any questions on tax sales, feel free to ask me & I will help out best I can
Harold

Colorado is having tax lien auctions right now, some counties have finished their auctions.
CO does OTC sales (over the counter) first come first serve.
CO is 10% state and they will have thousands and thousands of OTC liens available really soon!
Contact county treasures in CO and ask if they have their left over liens available yet, if not, when? If they do, ask how to get the list. There will be plenty of good tax liens to invest in CO for the next several months!
feel free to ask questions

1.To find a property's legal description, first determine the exact location of the property especially the name of the county. Then look up the county website online before going to the county courthouse. Pay a visit to the courthouse to get the legal description of the property. Finally, contact the attorney from the last time the property was bought and sold.

2. Find your county government website for land records by typing the name of your county and state, plus "land records" or "clerk's office" into your search engine.

3. Go to the county's official government website and find the property tax records, which may be stored digitally. You will find them in the office of the tax assessor, property.Ehow

Tax lien auction can be a great way to buy real estate. Each county in the US has a unique way of settling past due tax liens. After a certain period of time of diliquency on a tax bill, the county will foreclose on the property and sell it at auction. Most auction are held online by a third party auction company and are quite simple to navigate and are fun to participate in. A deposit is require to participate of usually a couple thousand dollars that is forfited if you are the winning bidder on a property and then don't pay for it. The bidding will start at what is owed on taxes at some auctions or it will start at a minimum amount like $100. You can usually bid in $100 increments and are given a time period for bidding.

How many of you have been looking for a property and come across this;
SW1/4 of SE1/4 of NE1/4 of S21 T38s R6w of the SLM (10 Acres).

This does in fact describe the location of the property; to a land surveyor this is exactly how it should be laid out. To the investor it is not essential that we understand this, but is very helpful for pinpointing the location of the property. If you have an address the online resources for finding locations do a great job.
If you looking at land, this information will help you get a good start. First things first, let’s break down how the organizes lots and land.

Canada (Ontario)

The buyer generally pays at progressive rate of about 1.5% of value (plus an additional approximate 1.5% of value if the real estate is in the City of Toronto).

No.

Limited exemptions are available.

Canada (Québec)

The buyer generally pays at progressive rates of about 1.5% of value (plus an additional approximate 0.5% of value if the real estate is in the City of Montreal).

Private deeds of sale must be accompanied by an attestation of the capacity of the parties prepared by a Québec notary or lawyer.

Extra notary fees do not typically apply, but are included in the parties' legal fees.

Limited exemptions are available.

I thought this might be helpful information.....
This is a list that you can use to determine on a calender when to focus on certain states.
When to look at the Lien states for the annual sale and when you can sort through the leftover, seconds, over the counter and county held properties.
When to focus on the Deed sales that are upcoming and which ones are online (this list of growing each year)
When states offer both, liens and deeds.

Use this to plan your time, when I first got started I had a desktop calender that I would write in the dates of the upcoming sales so I could plan were to spend my time that would net me the best results for my time spent.

Enjoy and Keep investing!

In what amounts to a different chapter in the same book of predatory foreclosure practices, thousands of homes in the District of Columbia – and potentially elsewhere across the nation – are going into foreclosure due to tax liens that amount to only a few hundred dollars in many cases.

According to reports, nearly 200 homes have been repossessed due to tax liens by tax lien investors – many of whom come from outside of the District – since 2005, and investors plan to seize over 1,000 additional homes.

In many cases, according to one Washington Post report, the tax lien on each home was worth less than $500.