Last fall I attend a financial workshop and learned some great stuff. Here are some of my notes on liens and deeds. Hope this can be of interest.

–          Tax liens, when a person get in the first position to acquire the property due to the original owners, nonpayment of taxes. The only exception is New Mexico.

–          Utah is a tax deed state.

–          Get about 10 or 20 tax liens on different properties.

–          You can contact the owner about the debt.

–          Second quarter is when the tax liens get sold.

–          Over-the-counter: is when you buy properties after the auction.

–          Homeowners usually pay their taxes from their tax refunds.

–          Tax deeds: bye foreclosure properties of people who have not paid their taxes. You will not have to pay the mortgage on this property.

–          If you want to buy property. This is a good way to do it.

–          Article: by delinquent tax rolls jump.

–          Tax payment is often 2K

–          Most liens are paid three fourth’s quarter of the year.

–          Lien is of transfer of ownership of debt.

–          When we get tax liens of certificates stored in a database, so it’s easy to manage.

–          Texas pays 25% of tax lien as a penalty to the homeowner.

–          Risk: many liens often go into foreclosure.

–          This is a good investment because your rights. The property is prioritized over everyone else.

–          Fair market cell: new buyer owns tax debt.

–          Bankruptcy: when the house gets sold. You get paid.

–          Divorce: still get paid.

–          Burns down, you still land if inch insured house. You get in search money to repair a bill the house

Have something to add to the list? Please do so in the comment section of this blog.