Press Release Summary: You would have heard of tax lien certificates (TLC) that are offered in many counties and states in the United States, Puerto Rico and the U.S. Virgin Islands, where the returns are high and anywhere between 15% and 50%. In most states, it may not be as much as 50% but since your investment is secured with real property, it is safe. A TLC is issued by the county on properties with arrears on the property tax. Some states consider these TLC notes to be better than other liens and mortgages or even federal tax liens. They are auctioned by the counties, states or municipalities that issue them. A fixed monthly interest is given to the investors for a specific period. The amount of interest depends on the state. If the debt is cleared by the end of the term, the government will issue a check to the investor for the initial investment and the interest due. The terms of these notes are usually from between one and three years. You may be given foreclosure rights if the owner of the property does not pay and you may receive the property deed from the government. However, there is a certain amount of risk involved with TLCs.
Press Release Body: You would have heard of tax lien certificates (TLC) that are offered in many counties and states in the United States, Puerto Rico and the U.S. Virgin Islands, where the returns are high and anywhere between 15% and 50%. In most states, it may not be as much as 50% but since your investment is secured with real property, it is safe. A TLC is issued by the county on properties with arrears on the property tax. Some states consider these TLC notes to be better than other liens and mortgages or even federal tax liens. They are auctioned by the counties, states or municipalities that issue them. A fixed monthly interest is given to the investors for a specific period. The amount of interest depends on the state. If the debt is cleared by the end of the term, the government will issue a check to the investor for the initial investment and the interest due. The terms of these notes are usually from between one and three years. You may be given foreclosure rights if the owner of the property does not pay and you may receive the property deed from the government. However, there is a certain amount of risk involved with TLCs. Sometimes, the properties that are under the control of FDIC or those that are affected by the DEA, which is the Drug Enforcement Administration) or in cases where the owner of the property files bankruptcy, you could lose your investment. This risk may be reduced with due diligence. TLCs differ from one another and there may be times when you may have to file a case if things get to the stage of foreclosure. Research on bankruptcy and title and inspecting the property are essential, to ensure you are getting something of value. Never go by the way the property is described, you need to check it out yourself. People who are eligible to own properties in the United States can purchase tax liens. The cash may have to be paid on the spot or within 48 hours. The auctions differ from state to state. Tax liens can prove to be lucrative if proper research is done beforehand.
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