You are about to discover a wealth secret that Wall Street doesn’t want you to know…
The federal inspector general monitoring the bailout issued a stinging report criticizing the banks. For decades Wall Street has been quietly using this strategy to build their financial empires… Unpaid real estate taxes creates a serious cash-flow problem for cities and communities.
Across the United States cash-strapped county and city governments turn to investors for help. Between $7 billion and $10 billion worth of tax lien certificates are sold to investors each year. Cities and towns would literally go bankrupt unless someone buys these tax lien certificates.
Unlike the stock market, these profit rates are fixed to stay high, regardless of the economy. By law, real estate tax liens are senior to other liens including mortgages and deeds of trust. State laws authorize county governments the right to give you the property – debt-free!
Banks and Investors have been profiting with tax liens for years and now it’s your turn…
Since the bailout, the banks have bought $16 million worth of tax liens in Pima County, Arizona… Now, there’s a fortune waiting for the taking with county-held tax liens (unsold tax liens). These county-held tax liens are available for purchase on a first come first serve basis.
Summary… the keyword to everything here is “tax liens.”
In review, when you buy tax lien certificates you’re helping our communities by paying a portion of these past due taxes so they can continue to fund important government services like police protection, public schooling, and emergency medical services.
You also help delinquent property owners by giving them more time to pay off their taxes (usually 6 months to 4 years), and when the county collects the past due taxes they mail you a check covering what you paid to satisfy the delinquent property taxes PLUS profit rates of 16%, 18%, 24%, up to 36% – mandated by United States law!
As the owner of a tax lien certificate you have a first lien position on the property. This means the property owner cannot sell, refinance, get a second mortgage or home equity loan until you receive what you paid to satisfy the delinquent property PLUS interest and/or penalties.
If the property owner does not satisfy the delinquent taxes within the period of time specified by state law (known as the redemption period) then, the county has the legal right to give you the property – debt-free with no mortgage!
Once you own the property you can do whatever you like; sell it for huge profit checks, rent it for monthly cash-flow, or if you like, even move in with no mortgage payment. The choice is yours, the property belongs to you.