I’m interested in investing in tax liens and have done a lot of research, but this thread deals with a special circumstance. I am giving a process speech in my public speaking class in college and wanted to do it on something unusual and interesting - investing in tax liens. I just need to lay out the step by step process of how to invest in tax liens for the speech. It doesn’t have to be too detailed, I just need the basic important steps.
I would be talking about investing in tax liens in SC, which has a bidding process. I would be very grateful if someone could quickly post the best steps one needs to take in investing in tax liens from start to finish. I would also like to give you some credit by citing you as a source (if you don’t mind).
Invest in the future of America!!! :help
whats the down side? how come ive never heard of this before. not saying its a scam, just following the “if its sounds too good to be true …” any one have any actual experience with this form of investment?
Tax liens are manners to lawfully ensure that a person, business, or loaner will be paid off for a debt. This is done by putting a limitation on the debtor’s property, which restrains them from reassigning its title or employing it as collateral to incur additional financing.
Investing in tax lien certificates is totally different as buying the property instantly. When buying a tax lien certificate, the investor is paying the outstanding tax bill at the auction for the landowner, with the promise of being paid back, in a timely manner - of course, with an interest.
If the landowner can acquire the funds necessary to purchase the lien back, the investor not only helped a landowner save his property from foreclosure, he also makes a small profit on the interest the transaction yields. And if, the property owner neglects to pay the lien certificate owner back within the specified schedule, then the lien owner may take possession of the property and either sell it during an auction; do some fixing and upgrades and sell it on the real estate market; or just sell it as is to a real estate investor.
A tax lien may be waived once the debt is either fully paid or on arrangement between both parties. When tax liens go unpaid, the tax lien holder may demand immediate payment, or may take possession of the property in accord with the local lien laws. Liens can also be sold at an auction for the price of the tax lien, regardless of the property’s value, and to a third-party investor.