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    Tax Lien Handbook: Invest and Create Your Own Tax Lien Trust Fund
    Tax Lien Handbook: Invest and Create Your Own Tax Lien Trust Fund
    Tax Lien Handbook: Invest and Create Your Own Tax Lien Trust Fund
    Ebook48 pages51 minutes

    Tax Lien Handbook: Invest and Create Your Own Tax Lien Trust Fund

    By Lajuan Abram

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    About this ebook

    Here is a method that is helping beginner property tax lien students as well as sophisticated investors. This definitive text is annotated to bring renewed wisdom to today’s wealth building strategists. Property tax lien sales remain a relevant source of continued revenue growth for participants for many years. Open this book and learn how to take the headache out of getting started with step-by-step planning and suggested investment policy.
    LanguageEnglish
    PublisherBookBaby
    Release dateOct 10, 2014
    ISBN9781500426699
    Tax Lien Handbook: Invest and Create Your Own Tax Lien Trust Fund

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      Book preview

      Tax Lien Handbook - Lajuan Abram

      sixxisdesign.com

      Chapter 1

      The Phenomenon

      An interest in property tax liens has never been more relevant or more exciting. The property tax lien phenomenon was not born out of the real estate transaction error that caused the foreclosure crisis of 2010; it was born out of taxpayers defaulting on the ad valorem tax. The phenomenon was aptly dubbed the Other Crisis. It is a nightmare for those who are losing but a dream maker for others who are gaining an increase in revenue. Taxing authorities hold a superior lien against all taxable property to enforce the payment of taxes. Tax sales finance local, city, and state government services, such as fire, police, 911, 411, 211, infrastructure, school districts, and libraries. When cash shortfalls occur because of unpaid property taxes, a sale has to take place. Delinquent property taxes result in extraordinary problems for local governments, which must provide critical services to their constituents.

      As you can see, the subprime bubble that caused a major crisis in the United States and other countries is not the same as property taxes going unpaid. When a mortgage note goes into a planned default, there may be insurance or federal government intervention for corporations and banks. When property taxes go unpaid, many local governmental services and jobs become hard to maintain. Foreclosure by recharacterization is a slippery slope. Many have challenged inconsistencies, and banks are unable to prove true sale. A quiet title action that addresses whether there was a sale for receivables between buyer and seller or a pledge of collateral for a loan could possibly prove to be a great defense. This is not so with property tax liens. Although the investment has a right-to-foreclose-after-redemption component, the object is to make interest on the investment. If it comes to foreclosure, you will not have the same issues the banks are having. This may be because of deceptive practices in lending that took place at the outset.

      Let’s imagine you’re a static code analyst, and Mr. Google walks up to you and says, I want you to come and work for me on our proprietary search algorithm, the very algorithm that helped us to achieve dominance over the Internet. What if he also tells you that he will run the company for you from idea, production, promotion, and marketing to advertising and then give you 60 percent of the company? He will do all of this and then only take 40 percent to run the company. Does that sound like something you would agree to? I’d say yes. Why not? Well, that’s what I am committed to giving you in this book. It’s not exactly the proprietary search algorithm from Google, but here are the secrets and formulas no one is telling you about in tax lien investing, and you get to keep 100 percent of the profits, not 60 percent. All you had to do to get the formula was buy this book. Congratulations!

      Using the contents of this book, you will learn about and sharpen your skills

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