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Whenever you are going to purchasing tax lien certificate, you should be clear about how tax lien work before you bid in the auction. It is very profitable to purchase tax lien because the investor has the possibility of owning a property at a lesser price. A tax lien investor should do research before he chooses to purchase tax lien in the auction. For more information, visit https://sproutfund.co
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CONTENT Introduction Tax lien Certificate Foreclosure Purchasing Taxlien
INTRODUCTION Tax lien is collected from commercial and residential properties by the local government to provide services like road repair, law enforcement and otherprograms. Each and every county will send tax notice to the property owners. Those who failed to pay their property tax will be called as delinquent taxpayers.
TAXLIEN CERTIFICATE The government has the rights to put lien on the property of the delinquent tax payer. The tax lien certificate of the delinquent property will be sold to investor in tax lienauction. The person who bids highest in the tax lien sale should pay the unpaid property tax and he is authorised to collect the interest and penalty of theproperty.
FORECLOSURE The delinquent property owner should pay his tax dues with interest at an allotted time to the person having tax liencertificate. When a property is foreclosed the tax lien investor will get the ownership of theproperty. It is very profitable to purchase tax lien because the investor has thepossibility ofowningapropertyatalesserprice.
PURCHASINGTAX LIEN Whenever you are going to purchasing tax lien certificate, you should be clear abouthowtaxlienworkbeforeyoubid in theauction. To get detailed tips you can also search informationabouttaxlieninvestmentinonline, sothatyouwillcometoknowhowtopurchase taxliens.