Tax Deeds Knowledge Base
Is Michigan a good state to invest in tax deeds, If so what counties are better? This is for people who know alot about tax deed investing. Im new at it and I was just woundering how I should get started. Ive been doing alot of online reseach for the pass 2 years on tax liens but now that Im getting my license I feel I stand a good chance of being able to purchase and actual property. I just dont know how to get started.
on mortgages deeds etc is the tax ID ever the same for 2 different people ? I just found a mortgage record was done by my sister under what I think was our mothers tax ID...reason being is that the Id # on a quit claim deed in 1999 with mothers name & a mortgage record in my sisters name in 1998 Are the same tax ID' #'s For the same property. can that be right ? & can the same tax ID # be listed for 2 different people if they are mother & daughter or husband & wife ?
how to purchased a tax deed in the name of a business entity? how can I get a business entity/name and build business for buying realestate? Iam interested in buying tax deeds in any state please help with more information where do I start? can I buy tax deeds without using my own money/credit? can I buy online?
How does the tax deed application process work? I am looking into purchasing a tax certificate for property in Florida. If I were to hold the Certificate for 2 years I can put in for a tax deed. What I don't understand is how can I make the property mine? Would it be put on the market for a bid? How much do home go for at an auction like this?
when dealing with tax deeds, do u pay any liens on property ? with tax deeds i see some have liens on it and some dont. when i look at lien history i dont know exactly which is valid and how much is owed. were can i get this info before i buy? i have bought complete guide to tax liens and deeds book (big help) but i need a little more help or guidance before i buy my first one. Anyone who has done this any info would help.i live in central florida. THANKS
How much cash should you expect to spend at a tax deed auction? My husband and I are saving to attend our county's tax deed auction next May. How much should we plan to bring to the table to get a house? We're okay with a fixer-upper or something cheap. Also, where do we go for more info? Not online sources--I mean the actual people who run this thing.
what are the risks involved in buying a Quit Claim deed on a tax deed sale? I am interested in buying some of these tax deeds in Florida, however once you purchase the deed if it is a quit claim deed does that mean that someone else could still have partial ownership over the property or could they be entitled to some of your profits. I guess my questions is what are the risks and what do i need to do to avoid them when purchasing a quit claim deed. Thanks
California Tax Deeds? Ok so after you purchase a tax deed you own the said property? correct? However what happens to the mortgage? Don't you have to make those payments? Or does it just disappear?
How exactly does a Tax Deed work? I want to purchase a tax deed for a piece of land. I have done a lot of research but can't find anything on Tax Deeds that's in "plain english." Does having a tax deed make you owner of property? What if there is another lienholder on title(e.g. mortgage company)? Thanks a lot
I keep hearing that California is a tax deed state............? I keep hearing that California is a tax deed state. What the hell does that mean and does it participate in tax liens too. And if not, then why do some foreclosure websites list homes in California under the title of tax liens as an option to purchase? How does this process of tax deeds work?
Condo association rights in tax deed process? One of the units in our condo building is bank owned and a third party purchased it for delinquent taxes and filed a petition for tax deed. The unit owner owes the condo association approx. $7,000 in various assessments. Can a condo association redeem the property to protect its interest and then resell it? Can it, so to speak, act on behalf of the owner. It is in Illinois, if it makes a difference.
How do tax deed sales work in Santa Clara County? How do tax deed sales work in Santa Clara County? How do they work in the surrounding areas? I heard that they are auctioned once a year through the county (February) but then websites like foreclosure.com have them listed under the tax lien category (but a rep told me they are actually tax deeds) and it seems like you can purchase them online. (PLEASE ONLY RESPOND IF YOU KNOW WHAT YOU ARE TALKING ABOUT)
How is the bidding process for a typical property sold at a Tax Deed Auction? Lets say, all the money owed to the government is $10,000 on a property. If the starting bid is $10,000. And the entire debt owed to the government and lender is $200,000. What usually happens? Does the lender immediately bid at $200,000 or $10,001? How might the lender bid for this property? Is the lender usually the first one to bid on a property? Why or why not?
what happens to tax default prop in a court appt receivership? I want to buy a tax deed prop in san bernardino co CA, but I found out the prop is held by a court appt reciever (attny)because the owner was arrested for land fraud in LA co.Neither the owner nor the receiver have paid the prop tax in many years. Is this prop a good ivestment?
Where can I purchase Cook County Illinois tax certificates or tax liens available for resale? I am interested in purchasing property tax certificates in Cook County Illinois. I did not attend the tax sale auction, since I heard that there is too much competition that drives the interest rate to 0%, so I would like to buy a certificate in the secondary market or over the counter. I know that tax certificates are a good investment and tax buyers are very secretive and uncooperative to competition. Is there anybody that resells tax certificate in Chicago or Cook County? I am looking for certificates that will probably not be redeemed, so I can file a tax deed petition on them. Thanks much for your answers.
What are the tax consequences of a quit claim deed? I am co-owner of a home in CA with my sister, and am attempting to turn it over to her using a quit claim deed. Are there tax consequences for me? The home was originally purchased for about 300K and is now valued around 600K.
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