With Foreclosure Numbers Rising Fast Investors Are Making A Killing With Tax Foreclosure Sales
Starting Today You'll Discover A Time-Tested and Sure-Fire System For Purchasing Real Estate for 60%, 70%, Even 90% Below Market Value With Real Estate Tax Foreclosure Sales Also Known As Tax Liens And Tax Deeds.
In addition, You Will Learn How To Grow Your Investment Portfolio With Annual Returns of 16%, 18%, 24% Even 50% With Safe, Certain And Real Estate Secured Tax Liens And Tax Deeds.
A recent study concludes that foreclosure filings jumped 42 percent nationwide in 2006, accelerating a trend that began in 2005 as home sales started to cool. Last year, 1,259,118 U.S. properties entered some stage of foreclosure, up from 850,000 properties in 2005 (Source: RealtyTrac research).
Mortgage payments aren't the only bills falling behind; real estate taxes are not getting paid either, as most mortgage bills also include payment for real estate property taxes. In conclusion, as foreclosures numbers rise so will the number of delinquent real estate property taxes.
Unpaid property taxes create a serious cashflow problem for local governments. If local governments are unable to collect real estate property taxes, they are also unable to provide important government services like police protection, public schooling and medical services.
To solve this problem, local governments allow investors to pay off these taxes. In exchange, investors receive the governments lien for property taxes.
Why would investors do this?
Depending on state laws and competition, investors can realize returns as high as;
- 16% per year in the state of Arizona (Sec. 42-18053),
- 18% per year in the state of Florida (Sec. 197.172 (2)),
- 20% per year in the state of Georgia (Sec 48-4-42) and
- 50% per year in the state of Texas (Sec. 34.21 e 2).
Everyone is happy, the county gets their money, the delinquent home owner gets more time to pay their already past-due property taxes and the investor gets a real estate secured, high yielding investment.
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