Tax Deed Certificates

Before we talk too much about tax deed certificates, I should tell you that they actually don't exist! Tax deed certificates could refer to either "tax certificates" or "tax deeds" but probably not a combination of the two. To help in understanding the difference, we'll look at both possibilities when referring to tax deed certificates. I'll break down the phrase 'tax deed certificates'. Tax Deed Certificates - What it Could Mean Tax Deed Certificates - 'Tax Deed' is the proper way to describe a deed granted to a tax sale buyer, which gives the tax sale buyer title to the

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Researching Deals Before Contacting Owners

Most real estate and "found money" professionals invest way too much time doing advance prospecting (otherwise known as researching deals) before reaching out to potential clients. Here's a hard reality about our business: You will only successfully contact (much less do deals with), a relatively small percentage of people on your prospect list. Therefore, you'll waste a ton of time and money doing advance research on deals that never end up getting off the ground, if you try to answer unknowns in advance. The Harsh Truth In the end, you will likely never even get on the phone with a

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Tax Overages: Why Would An Owner Still Sell Cheap?

Tax overages were at the center of a great student question I received today. First, let's review tax overages briefly. Tax overages occur when a property goes to a tax sale auction, and the county receives more for the property than what was owed. Here's a simplified example, for a property that's worth about $20,000: --$5,000 in taxes owed, bidding starts at $5,000 --Bidding ends at $18,000 --County takes the $5,000 owed, and still has $13,000 left over This $13,000, and other excess amounts collected at the sale, are tax overages, or surplus funds, excess funds, or just "overages". The

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Tax Foreclosure Property - New Alternative to Auctions

Thinking about going after some tax foreclosure properties? If you're planning on attending a tax lien or tax deed auction, be prepared for these roadblocks to success: Tax Foreclosure (Lien) Sales -You will have to research hundreds or thousands of liens to buy just a few -You can only inspect potential tax foreclosures from the outside -You will need all cash at the sale -Because of competition at the sale you will not get all the liens you wanted. Or you'll have to bid above the minimum -You will need to hire an attorney to do legal noticing -You will

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Mortgages on Tax Sale Property

Subscriber Question - Mortgages on Tax Sale Property Rick everything you said sounds wonderful, my only issue is mortgages on tax sale property. Getting a deed for little to nothing is great, but how do I know if it is free and clear. I'm concerned about mortgages on tax sale property. I would hate to purchase a property for $200 and still have to pay liens and maybe a mortgage. DeedGrabber's Answer: My ebook (available here) explains that in detail. But here's the answer: First, realize that liens and mortgages on tax sale property ARE NOT wiped out when we

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Quick Sale Price - True Market Value for Fixers

A quick sale price is the only way to go when selling your DeedGrabber properties. In my last post, "Determining Property Selling Price", I showed you why you mustn't price a property based on what's owed on it, but rather, what the market will bear. Here's how to actually compute that. The "Five-Minute" Quick Sale Price Appraisal The way to find market price (and thus quick sale price) is to follow these steps: 1. Input the property zip code into Realtor.com and see what the lowest-priced properties are in that market right now. 2. Plan on selling for even less

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Determining Property Selling Price

Determining Property Selling Price For Quick Sale - Without Leaving Money on the Table Students sometimes ask me how to "compute" a property's selling price when it's time to sell. I'm not sure if they mean "how to determine it", or "how to mathematically compute it" - big difference. Determining property selling price based on what your expenses will be, is a surefire plan for disaster. You need to sit down and see how much the tax liability and other costs will be, before you ever buy the property. That consists of: 1. Redemption amount (call county to get) 2.

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Tax Deed Foreclosure - A Source of Free and Clear Foreclosures

How can a property be in foreclosure if it's free and clear? When it's going through a tax deed foreclosure. Yes, there IS such a thing as a free and clear property in foreclosure. Amazingly, this situation IS NOT rare. In fact, in any sizable county, there are hundreds, if not thousands of free and clear properties in some stage of tax deed foreclosure RIGHT NOW. With owners that "NEED OUT" before they lose everything! You can buy these properties before the sale from the owner. But what about today's uncertain resale market? Wouldn't it be great if you could

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Tax Sale Surplus - 2 Tools For Indiana

If you're into profiting from tax sale surplus, you'll now be able to see how much tax sale surplus each county in Indiana collected last year, and how much tax sale surplus remained in their account as of the first of the year! Plus, Marion County, which holds a huge percentage of the state's overages, now updates their redemption records online EVERY DAY!

"Read this before attempting to work with Indiana tax sale surplus!"



New York Freedom of Information and Privacy 'An agency may

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