Mario Prisciandaro

Delinquent taxes on Real Property are a lien on the property. This lien is offered for sale at a Tax Lien Sale in July following the year for which the taxes are owed. For instance, The tax lien for 2017 taxes is sold at a Tax Lien Sale in July 2018. If no one purchases the lien at the Tax Lien Sale, the County is considered the purchaser. The purchaser of the lien, whether it is the County or a third party, may then assign the lien to another person through the Assignment Process. The owner of the property or the parties of record may redeem the property at any time during the Redemption Period. According to real estate expert’s advice, Mario Prisciandaro , if the property is not redeemed, a Tax Deed is issued to the assignee of the lien.   What exactly the delinquent taxes are? Basically delinquent taxes refer to a tax that is unpaid after the payment due date. Usually, a penalty is attached to a delinquent tax that begins to accrue on the unpaid tax until the en...

The ascend of the stock market fickleness, united with historically low-interest rates, is causing many investors to hunt for alternating opportunities that can offer them money-making returns. One of the investment niches that have been lately easily spread among many investors is real estate tax defaulting investments, and for high-quality reasons, too. Basically, real estate defaults offer enormous investment opportunities with very worthwhile returns.   According to Mario Prisciandaro , a real estate expert, you can avail such tax sales through home governments from delinquent real estate taxpayers, which can either be categorized as a tax lien or tax deed depending on the certificate offered for sale. Benefits of Tax Liens: Tax liens merely refer to a refuge interest approved for a real estate property by an investor until tax debts are settled. In case the owner of the property fails to pay taxes, then local or home government places a lien on that property. The me...