What are “Tax Lien Certificates”?
Another method of either acquiring the properties or receiving a very high rate of return on your investment is by investing in Tax Lien Certificates. Many taxing jurisdictions use this alternative method of collecting delinquent real property taxes. This method involves the selling of “tax lien certificates” sometimes referred to as TLC’s., which become a first lien on the property. These certificates can yield very high rates of return on your investment when the property is redeemed. In many cases these yields can be 20% per annum or even more. In the event the delinquent property owner does not redeem within the time provided for redemption, the holder of the tax lien can obtain title to the property. The following is a partial listing of states that offer you the opportunity to invest in government issued guaranteed tax lien certificates and the current rate of interest or penalty.
ALABAMA – 12%- Redemption period 3 years TLC
ARIZONA – 16% Redemption period 3 years TLC
ARKANSAS – 16% Redemption period 3 years TLC
CALIFORNIA 18% – 2 year redemption when held TLC and Tax deed state
COLORADO – 9% 3 year redemption period TLC
CONNECTICUT – 18% 2 year redemption period TLC & Tax deeds sold
FLORIDA – 18% per annum 2 year redemption period TLC & Tax deeds sold
GEORGIA – 20% Penalty – One Year Redemption Tax deeds sold as of 2001
ILLINOIS – 36% for full year and 24% on farmland with a 2 year redemption period TLC
INDIANIA – 10% penalty if redeemed during first six months – 15% penalty if redeemed during second six months – up too 25% after one year.
IOWA – 24% – Redemption period is 1.75 years.
KENTUCKY – 12% 3 year redeption period TLC
LOUISIANA – 12% plus a 5% penalty for total of 17% – 3 year redemption period TLC and Tas Deed
MARYLAND – 10% to 24%, counties hanle sales different , Redemption period – 6 months – 2 years TLC
MASSACHUSETTS – 16% redemption period up to 6 months TLC
MICHIGAN – 15% the 1st yr redemption – 50% 2nd yr redemtion – TLC & Tax deeds State
MISSISSIPPI – 17% redemption period 2 years – The owner of record has two years to redeem TLC
MISSOURI – 10% + penalties owed + extra 8% redemption period 2 years – TLC & Tax Deed
MONTANA – 10% – Redemption period 2-3 years – TLC & Tax deeds State
NEBRASKA – 14% redemption period 3 years – TLC & Tax deed state sold in March
NEVADA – 12% – Redemption period 120 days for Vacant land, 2 Years for developed land – TLC & Tax deed state
NEW HAMPSHIRE – 18% – Redemption period 2 years varies in municipality – TLC & Tax Deed state
NEW JERSEY – 18 % or more depending on penalties – Redemption period 2 years – TLC
NEW YORK – 14% for counties that have sales – Redemption Period about 1 year Sales in April or August – TLC & Tax Deed state
NORTH DAKOTA – 9% to 12% – Redemption period 3 years, sales are in December – TLC & Tax Deed State
OHIO – 18% – Redemption period as short as 1 Year (ONLY for counties with 200,000 and up – TLC in June & Tax deeds.
OKLAHOMA – 8 % – Redemption period 2 years – TLC & Tax deed states
PUERTO RICO – 20% regardless of when redeemed.
RHODE ISLAND – 16% – Redemption period 1 year varies on the muicipality – TLC
SOUTH CAROLINA – 7-8 % plus 4% added 2nd year – redemption period 1 year- 18 months – TLC
SOUTH DAKOTA – 12% – Redemption period 4 years – TLC 3rd Monday in December
U.S. VIRGIN ISLANDS – 12% – Redemption 1 year
VERMONT – 12% – Redemption period 1 year – auctions varies depending on the municipality – TLC
WEST VIRGINIA – 12% – Redemption period 18 months – Sales in Oct. Nov. for some counties – TLC
WISCONSIN – 18 % – Redemption 2 years – Sales are controlled by municipalities, info hard to find. Most sales are in Sept. – TLC & Tax Deed
WYOMING – 18% – Redemption 4 years – Sales vary on county sales are held July – Oct. – TLC
WASHINGTON D.C. – 12% or 1% per month – Redemption period 6 months – TLC & Tax Deed State
There are two primary methods of acquiring these properties for pennies on the dollar.
The first method is to attend public auction sales where the taxing jurisdiction actually sells the property to the highest bidder. These sales can be ministerial foreclosure types of sales or judicial foreclosure sales.
Ministerial tax sales refer to property that is sold by the taxing jurisdiction, normally to the highest bidder for cash, after following the statutes relating to such sales.
Judicial foreclosure types of sales refer to property that is sold by the taxing jurisdiction, normally to the highest bidder for cash, but only after a court orders the sale of the property. The judicial procedure can sometimes take months or even years after the initial foreclosure law suit is filed. However, the deed received by the highest and best bidder is one of the best type of deeds that you can receive.
I have over 29 years of hands-on experience in this “Fun and Profits in Tax Forfeited Lands business.” I have personally purchased thousands of properties and attended tax sales in over 50% of the over 3000 counties in the U. S. I also have spend hundreds of hours in the law libraries researching and studying the statutes that relate to tax forfeited real estate. I revise the manuals annually to reflect changes in the statutes. This legal research has covered many years and thousands of hours with my head in the law books.
But, just knowing the statutes is not always enough. The many years of hands on experience in most of the states and many different taxing jurisdictions have help me develop techniques that are highly profitable. The hundreds of success stories from those using one or more of these techniques attest to their profitability.
Through the years, these techniques, ideas, and concepts that have worked well for me are now available in my FUN AND PROFIT manuals to you and at the lowest prices I have ever heard of in this business.
You can get started with very little money and start building your financial nest egg in this fun and profitable business right now. You do not even need to leave the privacy of your home in order to make a lot of money in this business. You need to know the techniques and how to implement them.
Some of my purchases have included a 300 acre plus Island in the middle of the Mississippi River for less than $1,000, residential homes and rental houses for as little as $25 each; residential lots for $1 each; and hundreds of small acreages for less than $100 per acre. Other buys include 5 acres worth about $75,000 for $6,100; 8 lots and 4 houses for less than $2500; 2 1/2 acre sin Oklahoma City for less than $900 which I sold the very next day for $11,000. I could go on and on. The list is so big that I cannot even remember all of the nice buys.
Buys like the above are not just for yesteryear but are being made right now, day after day, by our customers..
Again, I refer you to the many success stories which keep coming in almost on a daily basis as evidence that similar buys are currently being made.
Check out what others have had to say. Check the he materials available. Also take a look at some of the links you can use for research.
Order your material today and get started on your road to financial independence immediately.
Get immediately download Roy Stubblefield – 52 State Tax Sale Manuals
2. Pertinent statutes relating to the collection of delinquent taxes and the sale of property for non-payment of taxes in the state or states of your choice.
3. Form letters for your use in contacting the proper public officials. These can be copied, pasted, and mail merged saving you many hours of hard work.
4. Form letters for contacting delinquent property owners prior to the sale and buying the property for a small consideration. This is one of the most profitable techniques among the ten in each state manual. You can start using it almost immediately after you receive your manual(s).
5. List of public officials to contact. This list can be imported into your favorite database and used to mail merge letters to the proper officials.
6. Public record statutes. You need to know your rights and the maximum they can charge for public records
7. Complete text of pertinent statutes relating to tax sales.
8. Ideas that work – not just theories.
– Download Sample files “Roy Stubblefield – 52 State Tax Sale Manuals”
Course Requirement: Roy Stubblefield – 52 State Tax Sale Manuals
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