Understanding tax lien from Sean Keegan Walker
Investment in tax lien certificates is considered low risk and high return investment but the investor must have a thorough understanding of the tax lien process and factors that can contribute to the growth of your investment. First get an insight of what actually in such certificate, who issues it and why? If you know the history behind issuing of these certificates then you can uncover the mystery behind earning and losing money on these investments. Sean Keegan Walker is a renowned tax lien investment expert and also a widely read author on the subject. He advises people on investment in tax lien certificates.
Sean Keegan Walker has seen tax lien certificate investments very closely hence he is considered an authority on these investments. It spreads awareness about the nature of these certificates and factors to be considered prior to investing in tax lien. Let's start with understanding these certificates.
Every country levies taxes to raise funds to build roads, parks, police, fire services etc. etc. Property whether residential or commercial too comes in the ambit of tax and for this reason it is mandatory for property owners to give tax yearly. But there are property owners that don't give the tax for one reason or another. Such properties accrue a huge amount as tax in years.
If a property owner doesn't pay his tax for a certain period, the county levy a lien against his property. The lien is then auctioned as a tax lien certificate at a lien sale. Investors show up at the sale and purchase this certificates in bulk. A tax lien certificate is the first position lien on the property hence it gets precedence over all the liens the property owes including the bank mortgage.
With the property owner clearing his dues, the investor gets his share that is principal plus interest and penalty. Sean Keegan Walker introduces that there are instances when a property owner never turns up for payment and the county has to froclose the property to retrieve the sum. It is lengthy process but the investor still can expect some profit.
According to Sean Keegan Walker, one should invest on the liens of those properties that are upscale and currently in use. Also check how many dues the property owes. A property with only on lien is the best for investment. You should continue to search for such properties rather than investing in every other property.
Sean Keegan Walker has seen tax lien certificate investments very closely hence he is considered an authority on these investments. It spreads awareness about the nature of these certificates and factors to be considered prior to investing in tax lien. Let's start with understanding these certificates.
Every country levies taxes to raise funds to build roads, parks, police, fire services etc. etc. Property whether residential or commercial too comes in the ambit of tax and for this reason it is mandatory for property owners to give tax yearly. But there are property owners that don't give the tax for one reason or another. Such properties accrue a huge amount as tax in years.
If a property owner doesn't pay his tax for a certain period, the county levy a lien against his property. The lien is then auctioned as a tax lien certificate at a lien sale. Investors show up at the sale and purchase this certificates in bulk. A tax lien certificate is the first position lien on the property hence it gets precedence over all the liens the property owes including the bank mortgage.
With the property owner clearing his dues, the investor gets his share that is principal plus interest and penalty. Sean Keegan Walker introduces that there are instances when a property owner never turns up for payment and the county has to froclose the property to retrieve the sum. It is lengthy process but the investor still can expect some profit.
According to Sean Keegan Walker, one should invest on the liens of those properties that are upscale and currently in use. Also check how many dues the property owes. A property with only on lien is the best for investment. You should continue to search for such properties rather than investing in every other property.
