Tax certificates are an excellent investment because they offer guaranteed higher yields and comfortable security. By guaranteed higher yields than those typically offered by CDs, 401-Ks, government bonds or IRAs, which each only offer about 4% or less annually. Although both are guaranteed, only tax certificates can yield interest at 15%, 20% or more.
When a property becomes tax default and county tax office issues a certificate, it essentially goes into a period of foreclosure. The county tax office in which the property is located will notify the property owner that the property is tax default. They will also be told that a tax lien certificate in the amount of the delinquent taxes, plus interest and fees, will be sold to the public auction. This begins a period in which the property owner is now obligated to repay the certificate or face foreclosure.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125