Home Business Making Cash With Tax Sales And Tax Lien

by C R Bolden

Learning how to make cash working with tax sales and tax lien can be a very profitable home business. There is a learning curve dealing with Tax Sales and Tax Lien. Here is the basic of how Tax Sales and Tax Lien work and understanding why this can be a profitable home business.

If you didn't know every property owner must pay property taxes. If you fail to pay your property taxes after a certain time frame, the county can or should I say will go out and pursue to get there behind taxes by selling the property or attaching a tax lien. The tax lien forces you to pay the property taxes one way or another.

If you want to keep your property, you have to pay off the tax lien, which includes the property taxes owned plus any interest for late payment. If you want to sell your property, any money earned from the sale must first go towards paying your taxes. If you don't pay your taxes within a certain period, you will lose your property altogether.

You can miss out not paying you taxes for all sort of reasons. Could be loss of job, maybe a divorce, or a sudden death in the family. Or maybe the building is in really bad shape that it would cost more to fix it up than it's worth. You just be surprise of all the reasons why property taxes are not payed.

For whatever the reason, the county needs to collect property taxes. So if owners do not pay their taxes, then there will be opportunities to purchase the property and make a lot of money right off the bat.

This is what you can do to cash in on a tax lien. First you have to remove the lien from the property, the owner must pay you the cost of the lien along with interest set by the state, county, or region or by a bidding process.

If the owner does not pay you back, you have a chance to own the property. If the original owner sells the property to another person, the new owner must pay you to remove the tax lien.

This is what you can do to cash in to buy the property. If the owner have gone long enough without paying their taxes, their property will be set to be auctioned to the highest bidder or foreclosed by the county and available for sale at a later date.

The county will always be looking for someone to pay for the lost taxes, so if a piece of property is worth about $450,00 but taxes owed are $70,000, you have an opportunity to get a $450,000 property for $70,000. Basically this is how you can cash in on Tax Sales and Tax Lien and do very well as a home business.

About the Author:
Colon Bolden is a top internet marketer in the home business industry. He has a passion for making cash on the world wide web working with entrepreneurs around the globe. Colon Bolden truly devotes his time, energy, and effort into making sure his team of marketers experience the same kind of online success.