Tax Deed

Tax Deed

Tax Deed Investment

Tax Deed Investment

Counties & Municipalities has budgets to meet by collecting property tax.

When property owners do not pay their taxes, each state has it's own state law to allow investors bid for the right to pay the taxes; and put a lien on the property (tax lien certificate). Such lien has more superior lien position that mortgage lien in a lot of states. Instead of tax lien sale, some states use tax deed sale; which means you are getting the property for the face amount of the tax lien certificate. Competition is fierce at this, property is usually bid up with a premium (the amount over & above the lien amount that the investor is willing to pay to acquire the Lien).

Georgia(GA) & Texas(TX) are redeemable deed state; which means the state law gives the property owner  one more chance to pay off the certificate amount plus interest & premium before the lien holder gets the right to apply for foreclosure.

GEORGIA(GA) has a penalty rate of 20% for the first year & additional 10% for the year after. It has a one-year redemption period. Penalty rate means the property owner needs to repay 20% penalty on top of the lien certificate amount plus premium after day one.

TEXAS(TX) has a penalty rate of 25% for the first year, additional 25% for the second year. redemption period is  six months for non-homestead & farm land. two years otherwise. In TX, the lien holder has ownership  of the property immediately after the sale, if the property has a tenant in there, the lien holder can collect rent from day one until the property owner redeems the property.

 

We provide full coaching program for tax lien & Tax deed investments in FL, AZ, GA & TX, please inquire for more details.

Counties & Municipalities has budgets to meet by collecting property tax.

When property owners do not pay their taxes, each state has it's own state law to allow investors bid for the right to pay the taxes; and put a lien on the property (tax lien certificate). Such lien has more superior lien position that mortgage lien in a lot of states. Instead of tax lien sale, some states use tax deed sale; which means you are getting the property for the face amount of the tax lien certificate. Competition is fierce at this, property is usually bid up with a premium (the amount over & above the lien amount that the investor is willing to pay to acquire the Lien).

Georgia(GA) & Texas(TX) are redeemable deed state; which means the state law gives the property owner  one more chance to pay off the certificate amount plus interest & premium before the lien holder gets the right to apply for foreclosure.

GEORGIA(GA) has a penalty rate of 20% for the first year & additional 10% for the year after. It has a one-year redemption period. Penalty rate means the property owner needs to repay 20% penalty on top of the lien certificate amount plus premium after day one.

TEXAS(TX) has a penalty rate of 25% for the first year, additional 25% for the second year. redemption period is  six months for non-homestead & farm land. two years otherwise. In TX, the lien holder has ownership  of the property immediately after the sale, if the property has tenant in there, the lien holder can collect rent from day one until the property owner redeems the property.

 

We provide full coaching program for tax lien & Tax deed investments in FL, AZ, GA & TX, please inquire for more details.

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