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• Tax Liens Sales Procedures
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• Risk Analysis - Tax Liens
• Tax Liens and Competing Claims
• Tax Liens and Statute of Limitations
• Discharging a Tax Lien
• Tax Liens - From the Tax Lien Purchaser's Perspective
• Tax Liens - From the Government's Perspective
• Tax Liens - From the Tax Payer's Perspective
• Negative Effect of Tax Liens on 3rd Parties
• Pitfalls of Investing in Tax Liens
• Pitfalls of Tax Lien Sales for Taxation Authorities and Local Government

Tax Lien Investment & Service Providers

As is the case with any lucrative industry, many participants are to be found engaged in different aspects of the underlying objective. Here, the tax lien market enjoys full participation of countless individuals taking advantage of the internet to obtain and distribute precious information used for investment decisions.

So Many Smiling Assassins
The prospective investor in tax liens will no doubt be confronted with a barrage of providers seeking to assist them to navigate the intricate world of tax lien investment.

Many of these providers hawk their services online, but unfortunately they are rarely without charge.

The initial objective of the investor is to gather information pertaining to tax liens, and a diligent scour of the internet will reveal much of the underlying principles governing tax lien investment.
Further specific information is needed however, as conversance with the procedural rules adopted by various jurisdictions is highly recommended.

Herein lie the integral decisions the investor needs to make in order to effectively reach a command of the tax lien instrument. While a detailed study of law is not necessary, a cursory knowledge of the principles governing title to property is helpful. Indeed many lawyers are to be found on the internet, marketing their own products which include the full gamut of legal introspection and a multitude of resource material which if covered will be certain to bring the most lethargic of investors to a sound knowledge base.

Many information providers provide this material in CD format, offering short courses to educate the interested investor, and even make these resources available through their respective servers; this material is accessible online.

With respect to CD formats, manyproviders in this industry offer a free introductory CD in exchange for your personal details. This no doubt is a common marketing tool, which allows providers to offer the investor further products through direct contact.

A word of warning for the wise; most of these service providers make claims that if true would be truly astounding. For instance it is not uncommon for some to claim that returns of 300% are attainable.This of course is highly unlikely, and may only serve to identify what lengths marketers of products will go to in order to attract attention to their product.

Direct Contact with a Taxation Authority
At some stage the investor will need to have possession of very particular information, which can be costly. These necessarily include tax lien sale lists; lists of the actual property liens for sale, and the property details associated with each. For each State or county, there exists a separate list, but many providers will conflate these and distribute them in large parcels at a charge. Often information providers will not provide you with the lists, but will charge an investor for revealing the methods involved in acquiring free tax lien records. In any event, depending on the size of the list, they can be purchased for anywhere between $15 and $50 each.

Considering these facts, it may be prudent for the investor to contact various taxation authorities directly and ascertain the availability of a list of their sales. Often their respective websites have tax liens advertised and this method is also useful to the investor in gaining some familiarity with the market.
The dilemma is simple; there are so many tax liens available in so very many jurisdictions.

Finally, the investor armed with the very specific information needed in order to purchase a tax lien, needs to obtain precise details in regard to the properties contemplated for lien purchasing. Outside of physically visiting the property, the investor still needs to verify title and property details, and will be best served by contacting the relevant local authority in this regard.

 

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