The Ultimate Guide To Tax Liens and Tax Deeds by 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 entire balance is paid in full. If you are looking for the correlation between tax liens and tax deeds, then here is the answer. Tax Lien investing and Tax Deed investing engage buying property on which landlord has turned out to be delinquent paying their property taxes with the allotted time period. When the owner is delinquent on their property taxes, the home country’s government where the property is located has the authority to either place a lien on the property or foreclose & sell it for back taxes.

How tax liens process works?
Tax lien sale process begins when the 2nd half of real estate taxes turn out to be delinquent. You can start the process of postmarking mail in the first few days of June. Moreover, to determine your tax lien sale date starts on the last Monday in June. Once the tax lien sale has been determined, prepare the notice of pending tax lien sale for the newspaper for the weekly delinquent tax year. If in case, you have any doubt then you are recommended to take expert’s advice to clear all your queries and doubts. Although, you will find various real estate experts to help you in such matters, the way that Mario Prisciandaro used to aware people in real state financing is unique and so helpful.

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