Delinquent Tax Lien Certificates--the Perfect 2008 Investment!

There ARE infomercials that broadcast "get a house for pennies on the dollar. Buy our CD course and learn these great secrets."

This paper reveals those secrets as does the book that provoked this paper. It is 100% POSSIBLE to buy a house for 1% of its fair market value! It is also possible to buy a commercial property for the same 1% of its value. While seeking out bank foreclosure homes and making dozens or hundreds of offers before one is accepted, this system has them all beat IF obtaining a profit is more important than solely obtaining a house. It appears that, depending on which state one is in and which county, some excellent deals can be had. The dollars needed are few-compared to other investments. The risks are minimal. Attending the annual real estate foreclosure auction conducted by each state provides access to immediate real estate equity 5% to 35%. Dealing with these delinquent tax lien certificate sales is at best, a three year wait for those who want real estate more than just a good return on the invested dollar. Some investors fear hiring attorneys to represent them in court at the end of the three years. It is not a requirement to hire an attorney but it can make things smoother. In some rare circumstances, it appears some counties do permit the property owner to "COME BACK" to the tax certificate buyer and reimburse him and re-gain his house. While that seems totally unfair to the patient certificate buyer who has "done everything asked of him and paid all the fees", sometimes, the applicable state feels the property owner should have the "right of redemption " [the right to come back after the court date and pay all fees and re-claim his house.] Thus, it is IMPERATIVE that the prospective tax lien certificate buyer learn early in the process if his county or state allows POST court awarded deeds redemption to the property owner who loses his property.

Some counties/states do permit--as conditions to an auction, that the attendees meet with the property owners and make agreements as to shared interests in the certificates and property, as applicable.