My Estate Legal
Home  |  About  |  Articles  |  Reports  |  Links  |  Site Map    
Welcome to My Estate Legal!
Insurance Articles
•
•
•
•

Home
:: About Us
:: Contact Us
:: Article
:: Reports
:: Links
:: Site Map

Related Links


Tax Lien Certificates
By Peter Emerson


There are two types of government tax sales used in the United States: one is tax deed sales and another is tax lien certificates. These certificates are issued against delinquent taxpayers who have not complied to pay their property taxes. A tax lien certificate has a face value of taxes owed along with administrative fees and interest.

At times, the government auctions tax lien certificates. All 50 states of US have different laws pertaining to this subject, and sometimes you may find that the procedures differ per county. Therefore, depending where the tax lien certificate is being auctioned, it can either be sold at that face value or it can be bidded upon. Some states also allow tax lien certificates to be bid on by interest rate. In this case, the person who agrees upon the lowest rate of interest on the tax lien certificate is announced as the winning bidder.

Once the tax lien certificate is sold, the delinquent taxpayer is required to pay back the amount of the lien plus interest accrued, typically 16-18%, back to the owner of the tax lien certificate. In case the delinquent taxpayers fails to repay within the required period of time as assigned by the court or the governing authority, the tax lien certificate holder is awarded a deed to the property.

To explain this in simple words, when you purchase tax lien certificates, you are guaranteed a fixed return on your investment. Depending on the state from where you purchase the certificate, the earnings may perhaps be as high as 50%. Even if you get paid less than 50%, your investment is protected with the actual property.

With tax lien certificates, the holder must make the required payment on the property tax payment for the property owner. And in turn, the property owner would pay the holder the agreed amount of taxes and the penalties so accrued. Thus, all you have to gain is a high yield percentage of interest or the possibility of a deed to that property.

Tax Liens provides detailed information about tax liens, government tax liens, tax lien auctions, and more. Tax Liens is affiliated with Tax Attorneys In California.

Article Source: http://EzineArticles.com/?expert=Peter_Emerson

For more information, news and articles see:

Marina Insurance - Marina Insurance
...nsurance you may well have been given a number of different policy wordings from a variety of companies, this is a guide is to help you decide what sort of policy would suit you more and give you the ...
Visit Marina Insurance...

Work Accident Compensation - Work Accident Compensation
...f solicitors that specialises in work accident compensation. He tells me that work accident compensation is an incredibly busy area to work in and I am sure that he is right. As you know, there are ...
Visit Work Accident Compensation...

Courier Insurance - Courier Insurance
...as some parcels being sent might be quite costly or important. Losing such document or parcels can mean huge losses for some people. Therefore,Courier Insurance has become an important consideration f...
Visit Courier Insurance...

Mis-sold Ppi - Mis-sold Ppi
... I`d fell in love with this slinky, silver sports car and being a single male at the time, with plenty of disposable income, I thought I`d treat myself to this flashy kind of motor. The bank eventual...
Visit Mis-sold Ppi...

Ppi Claims - Ppi Claims
...ssured into taking out payment protection insurance on your loan. The representative from the bank seemed to bamboozle you with facts and figures and to be honest; you didn`t quite understand what wa...
Visit Ppi Claims...

Loading Bay Equipment - Loading Bay Equipment
...With this equipment, you are able to load and unload all your merchandise with great ease and efficiency. We provide high quality equipment which is cost effective as well. We implement all possible s...
Visit Loading Bay Equipment...

Gap Insurance - Gap Insurance
...nsurance is? I know that I had never heard about this type of insurance before until it was brought to my attention recently. The gap insurance covers the deprecation on a car in the event of it bei...
Visit Gap Insurance...

Car Gap Insurance - Car Gap Insurance
...r gap insurance until recently. I suppose unless you buy a car on finance you might not know about such policies. As I understand it the car gap insurance covers you in the event of a car being stol...
Visit Car Gap Insurance...

Hgv Courier Insurance - Hgv Courier Insurance
...ourier Insuranceis a very different type of insurance that you would normally purchase for a delivery business. So there are now insurers who specialise specifically in more complex insurance policys,...
Visit Hgv Courier Insurance...

Dock Levellers - Dock Levellers
...place your vehicles near for loading and unloading your various goods. Our levellers are extremely strong and durable, and are made to handle your vehicle with ease. You are given easy operational con...
Visit Dock Levellers...

No Win No Fee Injury Claim - No Win No Fee Injury Claim
...your fault and had to take time of work as a direct result. You might be lucky if you have an employer that is prepared to pay you sick pay during your recovery programme. What happens if you have to...
Visit No Win No Fee Injury Claim...

Jet Ski Insurance - Jet Ski Insurance
...e are many makes and models that frequent numerous Jet Ski Insurance water centres. Taking to the wet stuff on your powerful jet ski will be an exhilarating experience and you`ll Jet Ski Insurance wa...
Visit Jet Ski Insurance...
Click For More Detailed Information on:
Home  |  About Us  |  Contact Us  |  Articles  |  Special Reports  |  Links  |  Site Map
Copyright © 2003-2010. All Rights Reserved.


Valid CSS!