Saturday, June 10, 2006

Sneaky but powerful way to Buy a Foreclosed Property by investing in Delinquent Property Taxes!

Foreclosure Investing using Tax defaulted liens

Investing in delinquent property taxes is one of the best methods I know of to get into Real Estate Foreclosure game.

For one, you get awesome ROI even if you never foreclose on the property. Simply because the owner or the lien holder has to pay you maximum allowed interest rates, as high as 18% or more in some States.

Your investment is secured by the Real Property. And if the property owner or lien holder does not pay you back, you have the recourse of foreclosing on the house and now you're proud owner of a home.

Of course, PLEASE do your research and check your local laws.
For example, here is some Property Tax Lien information for Montgomery County Md.
http://www.montgomerycountymd.gov/apps/taxliensale/
Here is some information on State of New York tax lien sales. This one is very comprehensive so be prepared to spend some time with it.

There are tons of resources pertaining to your own County and State on the internet.

So my advise as always is, be careful, research properly and seek professional advise before spending your hard earned money.

This foreclosre investing strategy using tax liens is very powerful and definitely worth a look.



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