Product Name: Creating Wealth Without Risk
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Description:
Banks that took bailout money were supposed to use part of the taxpayer-provided cash infusion to help customers avoid foreclosure, but instead, many of them are using the tax-payer money to pad their own pockets!
The U.S. Treasury Department has taken steps toward holding the mortgage servicers accountable by pledging to withhold bailout incentive payments to three of the largest banks – Wells Fargo, Bank of America, and JPMorgan Chase.
Banks, Wall Street Insiders, and Hedge Fund Managers don’t want you to know that they are using billions in tax-payer bailout money to capture these double digit profit rates where they receive 16%, 18%, 24%, up to 36% guaranteed by United States law.
Once you understand this powerful wealth secret you’ll be able to cut out the middle men (banks, hedge fund managers, wall street insiders) and capture these double digit profit rates just like they are.
They don’t want you to know this but for nearly 200 years they’ve been using your money to exploit this powerful investment strategy.
You see the bankers and Wall Street Insiders give you 1% to 3% with low-yield savings and CD’s. Then they turn around and use your money to capture double digit profit rates of 16%, 18%, 24%, up to 36% – guaranteed by United States law! They’ve also done their very best to keep this powerful investment to themselves.
What’s more, this strategy is virtually unknown to all except a small percentage of the world’s wealthiest investors. Which is why it has attracted the attention of some of the biggest banks and hedge funds in the country including Bank of America, JPMorgan Chase, and Fortress Investment Group.
In the conventional mortgage market, lenders typically insist that an escrow account be set up to cover the costs of real estate property taxes and mortgage insurance. However, the vast majority of subprime mortgage loans that were made before 2008 did not include an escrow account.
Some lenders and mortgage brokers used the lower monthly loan payment amount without escrow to lure consumers into believing that the loans were more affordable. Many homeowners wrongly assumed the new loan would also have an escrow account and did not know that they would be responsible for making tax payments directly to the local municipality.
As a result of the subprime mortgage meltdown, thousands of counties all across the United States have millions of dollars in outstanding property taxes. Communities rely on the revenue generated from property taxes to fund daily services.
If local governments are unable to collect real estate property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.
Politicians find themselves in a difficult situation, raising property taxes isn’t popular and could mean losing an election. The failure to collect on these past-due debts weighs heavily on their already-overburdened budgets.
To solve this cash-flow problem, local governments allow investors to pay off a portion of these delinquent property taxes. In return, investors receive a tax lien certificate which is a claim for property taxes.
Currently, you can buy tax lien certificates in the following states and cities:
When you buy tax lien certificates you are helping cities and communities. The money you pay to purchase these tax lien certificates generates the much needed revenue cities and communities need to pay for essential services.
Investors buy tax lien certificates at delinquent property tax sale auctions. A tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from the government to the investor. Investors effectively own a claim against the property until the property owner pays the county or municipality back or until they default on the debt entirely.
A growing number of counties and municipalities conduct their delinquent property tax sale auctions online making it possible to purchase tax lien certificates from the comfort of home. If purchasing them over the Internet isn’t your thing you can buy tax lien certificates through the mail. You can even walk into the county offices and purchase them over-the-counter.
When you buy a tax lien certificate, you are paying someone else’s delinquent property taxes. What’s more, the government actually gives you the right to receive all of the tax money due – including fees, high interest, and penalties.
To encourage tax-delinquent property owners to pay their past-due property taxes, the county charges them interest and/or penalties (think of it like a late fee), which is passed directly to the tax lien purchaser….that’s you!
Unlike Wall Street, state laws set the rates that counties can charge delinquent taxpayers and they can range anywhere from 12% to 36% per year.
Property owners who pay back what they owe, pay the county, which then repays the investor what they paid to satisfy the delinquent taxes, plus whatever interest rate was set at the time of the sale.
A lot of people have seen their retirement accounts evaporate with the ups and downs of the stock market. With tax lien certificates, you are mandated by law to receive profit rates of:
When you buy tax lien certificates you’re solving several problems. Communities get their much needed tax dollars, allowing them to fund daily services, property owners get more time to pay their delinquent taxes (usually 6 months to 4 years, this period of time is called the redemption period) and you get profit rates of 16%, 18%, 24%, up to 36% mandated by United States law.
The redemption period can be rather short in some states. For example, a property owner in Arkansas has only 30 days to redeem after the sale, and in Delaware the redemption period for owners is only 60 days. The District of Columbia, Maryland and Massachusetts permit the redemption period to be foreclosed as soon as six (6) months after the tax sale.
When the county collects the past due taxes they mail you a check covering what you paid to satisfy the back taxes PLUS profit rates of 16%, 18%, 24%, up to 36% which are mandated by United States law!
By law, real estate tax liens are senior to other liens including mortgages, deeds of trust, judgment liens, and even IRS liens. Thus, because taxes are usually only a fraction of the value of the property, this makes the tax lien certificate a well-secured investment.
Since most property owners pay off their delinquent property taxes within a year and about 95% of the time back taxes are paid off within two (2) years you won’t have to wait too long to recoup your profits.
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!
All across the country state governments have passed laws which make the real estate tax lien superior and senior to all other liens and encumbrances, including the mortgage.
Most states grant this “super-priority” status to property tax liens as a matter of statute while other states have reached the same result as a matter of judicial decision.
Just like Florida, all across the country individual states have enacted similar laws which mandate that tax liens are “superior and senior to all other liens.”
What happens if the property owner does not redeem the tax lien and pay the county their delinquent property taxes?
If the county does not receive the property taxes plus interest and/or penalties within the period of time specified by state law, then according to state law the county has the legal right to give you the property. In return, all you have to do is pay any remaining property taxes and costs related with them (i.e. title and recording fee’s) at which point the county will wipe out any liens on the property including the mortgage (with the exception of New Mexico).
Keep in mind, about 95% of the time back taxes are paid off within two (2) years and about 5% of the time they’re not at which point state law grants the county the legal right to give you the property – debt free with no mortgage (with the exception of New Mexico).
I thought I would take the time to show you some real deals. I’m talking exceptional profits, the kind that could change a person’s financial condition fast.
It’s important to mention that in the examples above these student investors did their homework, they were informed and knew the pitfalls from the very beginning. The last thing you want to have happen is for you to become the owner of a property ridden with problems which could end up costing you far more than your initial investment.
No doubt the idea of capturing profit rates of 16%, 18%, 24%, up to 36% mandated by United States law and secured by real estate is exciting especially given the current conditions of the global economy.
Double digit profit rates secured by real estate are just two of the reasons why tax lien certificates has attracted some of the biggest banks and hedge funds in the country including Bank of America, JPMorgan Chase, and Fortress Investment Group.
The interactive map below will allow you to see the tax lien certificates purchased and the foreclosures processed by each Bank. You can get started by clicking the boxes next to the various bank names.
If you click on the tax lien or foreclosure icon a bubble will pop up to show you the address, the lender, the amount of the tax lien and what year the tax lien or foreclosure occurred.
What happens with the tax lien certificates that are never purchased?
More often than not there’s more tax liens available than investors to buy them. In situations such as this unsold tax liens are transferred to the county.
In a normal tax sale auction investors compete for the right to purchase each tax lien certificate. It is through this competitive bidding that the interest rate is reduced and the tax lien is sold to the investor willing to accept the lowest interest and or penalty rate they would receive in the event the tax lien is redeemed.
The great thing about these over-the-counter tax lien certificates is that you can buy them without having to attend the tax sale auction. Since you’re not attending the auction there’s nobody else bidding AND nobody else pushing down the interest and/or penalty rate you would receive in the event the tax lien is redeemed.
When you buy county-held tax lien certificates you’ll be receiving the maximum interest and/or penalty rate mandated by state law. What’s more you can buy these county-held tax lien certificates through the mail or the Internet. If you prefer a more hands on approach you can simply walk into the county offices and purchase them over-the-counter.
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’re also helping 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.
As I mentioned before, my name is Steven Waters and I’m certain you have a lot of questions. I’ve been in this business for over a decade. I can still remember my first tax sale auction and how excited I was to buy my first tax lien property. It’s hard to believe that was nearly 15 years ago. A lot has changed between then and now but one thing has remained the same; my passion for this business.
In 2001 I founded Tax Lien University with the sole mission of providing accurate and authoritative information so beginning investors could learn how-to profit with tax lien certificates.
From the beginning, I wanted Tax Lien University to be a different kind of company. I wanted a company that not only valued it’s customers and clients but was committed to helping them achieve their goals.
I’ve spent nearly 15 years of my life perfecting the steps and process for investing in tax lien certificates. Through our free…
Click here to get Creating Wealth Without Risk at discounted price while it’s still available…
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
Creating Wealth Without Risk is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
