Government Auctions - How Expired Tax Liens Will Get You A House For Under $2,000

Most people are aware that you can loose your home after a period of time if mortgage payments are not made, however, many do not realise that the same holds true for the homeowner who fails to pay their property taxes. When you default on mortgage payments your home will be foreclosed, whereas when you don't pay property taxes there are actually three possible scenarios that can take place. All three of these scenarios, although very different from each other, represent great investment opportunities. One of them, property tax liens, is even used to help homeowners avoid foreclosure. The other two property tax investments are expired tax liens and property tax deeds.

Government Auction Property Tax Liens

These are offered in the form of a lien certificate which represents a loan agreement the investor provides the homeowner so that the homeowner can pay the government all taxes with interest owed. In return the investor is paid a high interest rate by the homeowner with the property acting as collateral. The homeowner must pay the loan off with all interest by the loan ending date (referred to as the redemption period). If the loan is not paid off in full or if the homeowner defaults on ongoing payments, then the investor has first right to foreclose and take ownership of the property.

Thanks to the Internet, the way in which tax liens and deeds are sold has changed dramatically. Before the Internet the local government auctions advertised tax sales in their local newspaper, leading to a limiting local investor turnout for the auction. In many cases there were a lesser numbers of investors than the actual number of tax liens for sale. Over time this caused the number of unsold tax liens to accumulate into the tens of thousands.

Government Auction Expired Property Tax Liens

What very few investors know is that even if the tax lien wasn't sold at the government auction the redemption period starts immediately after the auction. What this means to you as an investor is since the lien was not paid by it's due date the house can be taken ownership of by you immediately, simply by paying off the taxes and interest owed. Furthermore these expired tax liens are not typically auctioned off but rather sold over the counter at your local government office or bank, thus there is usually less competition.

How that you are aware of these expired tax liens you are better informed then many seasoned real estate investors and are in a great position to further investigate and take advantage of this opportunity. Consider acting quickly while there are still some great properties to grab for pennies on the dollar (some available by paying outstanding taxes of less then $2,000)
Yes, you can make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ 

There are a few government auction review sites (see below) that can direct you to the best auction sites in which to find out where you can find all types property tax sale auctions and property listings.

To review sites with the best 'expired tax liens' auctions and property listings visit government auctions or go directly to property tax liens and tax deed property sales.
Nolan Speers has been investing in real estate for over 15 years and specialising in foreclosures for the last 5.

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

Article Source: http://EzineArticles.com/1952132