| Buy Tax Lien Before Auction |
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| Whether you are exploring tax liens as a potential new investment, you have been buying for years, or you are a portfolio manager for an institutional investor, you probably focus most of your tax lien buying efforts on the annual auctions in February. The standard drill is to obtain the list of delinquent parcels that is published in January,... |
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| Increase Returns With Property Tax Appeals |
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| Generally the payoff in property tax liens is in interest earned and paid on redemption, or profit on the sale or use of the liened property after foreclosure...
In the latter case, though, the investor is likely to have to hold the property for some period of time before realizing the economic benefit on its disposition. And -- surprise -- the ultimate return on investment can be substantially impacted by the property’s carrying costs, particularly the property taxes that inevitably accrue against it. |
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| Tax Appeal Process in Arizona |
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| Property valuation and classification may be appealed administratively or judicially in Arizona. The administrative appeal mechanism is available only for 60 days following the Assessor’s mailing of the "Notice of Value" postcard (or until the deadline printed on the card). The card is usually sent in January or February, stating the valuation that the Assessor will use for the following year’s property tax bills… |
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| Buying Tax Lien |
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| When bidding on a tax lien sale, you are not bidding on the deed to the property, but on the tax debt. Basically, you are loaning money to the property owner to pay his or her taxes. Usually, the respective county holds a public sale, such as an auction, for the right to collect on the delinquent taxpayer's debt. |
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| Arizona Real Property Tax Lien Sale Information |
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| The purchase of a tax lien is a "Buyer Beware" situation. You should verify the exact location of the parcel on a map in the County Assessor's or County Recorder's office. You are advised to investigate the property, prior to purchasing, to determine whether the property would be of sufficient use or value to you should you be in a position to obtain a deed at some future date. |
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| Tax Lien Certificates and Tax Deed Sales by State |
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| Each state uses either Tax Lien Certificates or Tax Deed Sales when
collecting on delinquent property taxes. See how your state handles
delinquent property taxes below |
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| Tax Lien Sales Tips and Traps |
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| Periodically I will try and tell you some of the mistakes we made over the years in the hopes that you can avoid them. We all make mistakes - the key is try and not make them more than once (at times I think we made all of them at least once!). We will call these little discussions, Tips and Traps. |
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