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How to Foreclosure Tax Lien Properties?

Buying tax lien foreclosure properties from the primary market is tiring task and one need to understand the auction and bidding process taking part in each State Government. There are few renowned financial firms, who sells hand picked tax lien certificates in Secondary market at affordable rates. These lien certificates are valuable and can generate high ROI with less capital investment. For more info about tax lien foreclosure properties visit, https://rei-holdings.com/

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How to Foreclosure Tax Lien Properties?

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  1. HOW TO FORECLOSURE TAX LIEN PROPERTIES?

  2. CONTENT INTRODUCTION HOW TAX LIEN FORECLOSURE WORKS? TAX LIEN ROI JUDICIAL FORECLOSURE NON-JUDICIAL FORECLOSURE

  3. INTRODUCTION Tax lien foreclosure signifies the legal transfer of property ownership, due to the owner’s failure to pay backtaxes. The State government can foreclose a property, when the owner fails to pay property taxes, sales taxes or other State income taxes.

  4. HOW TAX LIEN FORECLOSURE WORKS? A tax lien foreclosure is one of two strategies a State administration may use to address reprobate backtaxes on property. Tax lien certificate issued by the State authorities to investors during the auction represents the temporary holding of lien property.

  5. TAX LIEN ROI The liens are placed by State authorities and the lien certificates are sold in the primary market with proper auction process. Investors can gain high interest rate from the home owners by buying tax lien certificates. The interest rate may range from 15-17% depending upon the State Government. The property owner will be given probation time to settle the principal tax amount plus the required interest amount with the lien holder.

  6. JUDICIAL FORECLOSURE Judicial Foreclosure takes place when the lien holder files lawsuit against the property owner due to his negligence to pay the tax amount. In foreclosure by sale method, the property will be auctioned by the court with lien holder placing the first bid. In Strict foreclosure method, the court moves the complete ownership to the lien holder without any auction.

  7. NON-JUDICIAL FORECLOSURE In Non-Judicial foreclosure method, the lien holder can advertise and sell the property at public auction without court intervention but with specific rules of State authority. This process is also known as statutory foreclosure.

  8. For more info about tax lien foreclosure properties visit, https://rei-holdings.com/

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