We have written a number of articles on TAX LIEN investing for the past weeks but a vast area of its ins and outs still remain unexplored. One of these is the SECONDARY TAX LIEN.
TAX LIENS SEMINARS hopes that this brief article on Secondary Tax Lien will give some prospective buyers or potential investors some insight to prepare them, should they get interested in this type of tax lien investing.
What are Secondary Tax Liens?: Basically, these are liens bought from some auction or tax sale by an investor which are now being sold or “assigned” to another investor. These are different from the OTC (Over the Counter) or Left-over Lien because you did not get these liens from the County but from an investor who bought them from a tax sale. Secondary liens are also the results of liens that were not redeem and the investor who is faced with the decision to foreclose decided to sell his interest in the lien to another buyer, instead of coming up with some money for the foreclosure process. Most counties allow this arrangement and make the process to transfer the sale of a tax lien or redeemable deed from one party to another much easier.
What are the advantages of investing in Secondary Tax Liens?
- Getting your investment returns faster and in a shorter period without the hassle of having to bid in an auction.
- More profitable than buying Liens from tax sale.
- No competitive bidding as you are the only party negotiating for another possible investor.
- You can initiate foreclosure right away or either get full ownership of the property or the redemption cost without having to wait out the redemption period.
- Some Liens earn as much as 108% in interest and penalties and ready for the foreclosure process.
Secondary Market Tax Liens could give amazing profits indeed. But as always, you have to do your homework to do everything rightly. And one important thing you should also consider is purchasing these liens from a trustworthy source. There are a lot of reliable live training and seminars that you can choose from different websites. Let your fingers do the work.
Lastly, we optimistic that this short article has somewhat help future investors and readers alike planning to try a rewarding investment like Tax Liens. As one great American author and entrepreneur once said that sometimes, we should “ stop being afraid of what could go wrong, and start being excited of what could go right.”
