What is a tax lien? Most municipalities impose property tax as a way of raising funds to run cities, schools and public services. The funds raised need to be enough to pay the expenses, but not all property owners pay their property tax on time every year.
When property owners fail to pay property taxes the [...]
What is a tax deed? I touched on tax deeds in my post yesterday about tax deed auctions and today I wanted to go over tax deeds in more detail to help you understand what exactly a tax deed is, how it is formed, and what you do with it.
Property taxes are used by municipalities, [...]
What is a tax sale? There has been a well kept secret in real estate investing that has been hidden from the eyes of most novice real estate investors for many years.
When the real estate market crashed the tax sale market exploded with possibility. What was once a market limited in stock, suddenly became [...]
