HIGH YIELDING GOVERNMENT ISSUED TAX LIEN CERTIFICATES AND TAX FORFEITED REAL ESTATE
HIGH YIELDING GOVERNMENT ISSUED TAX LIEN CERTIFICATES AND TAX FORFEITED REAL ESTATE
The state of Rhode Island is made up of 39 cities and towns each of which has its own administration. The tax collector of each municipality holds a tax sale once a year, but at no set time, and sells the tax liens by issuing a tax deed to the person offering to pay the total amount of taxes, penalties, costs and interest due as of the date of the tax sale.
ONE YEAR REDEMPTION
Property owners have one year following the date of the tax sale in which to redeem their property. After the expiration of one year the holder of a tax deed can petition the superior court to foreclosure the right of redemption. Should the property owner redeem within the one year redemption period the holder of the tax deed receives, in additional to the total amount he paid for the deed, a penalty of 10% if redeemed anytime with six months following the tax sale plus 1% for each month after six months. This can provide an extremely high rate of yield to investors in tax certificates.
These jealously guarded secrets revealed by an expert with over 30 years experience in this incredible and exciting business.
SOME TYPICAL SUCCESS STORIES
Robert, in Phoenix, Arizona, just acquired 3 properties which consisted of 2 vacant lots and a small home. He paid $50.00 for each from the delinquent property owner who had no intention of redeeming, using one of the techniques in our manuals.
Paul in California, acquired a home worth about $60,000 for less than $5,000 prior to the tax sale, using one of the techniques in our manuals.
Jesse, in Texas, just acquired a home on a golf course worth about $110,000 for a little over $7,000 total. He did not have to go to the Auction and compete. He used one of the techniques which we have developed over the years and is revealed in our manuals.
Another couple in Northern California have acquired several properties for $100 from the delinquent property owner prior to the tax sale.
John, in Oklahoma acquired a nice two bedroom home for less then $2500 even after paying all the taxes and fixing it up for resale. He used one of the techniques in our manuals.
Rudy, from California, recently acquired a very valuable lot in Little Rock, Arkansas, for a little over $200, using one of our techniques. He is having a Realtor sell the property for him.
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