Tax Plaza
The Tax system explained!
Discover How Government Protected Tax Certificate Profits Can Make Your Family Secure for a Lifetime!
Americas best-kept wealth building secret is the Tax Certificate - protected by a carved-in-marble 200 year old Government Tax Code. They are issued by 100s of counties in the USA to cover millions of dollars in over-due and delinquent property taxes. Taxes that are desperately needed to fund hospitals, police, fire dept. and welfare services.
Tax Certificates are secured to the real estate they are attached to. Please remember thisyou arent really buying the real estateyou are buying the governments certificate (claim for delinquent property taxes) on the real estate. You, in a sense, hold the mortgage on the propertyas long as taxes arent paid by the owner, bank or other financial institution. None the lessyou still make great money on a short term investment! Much higher than any Bank CD, Money Market or Annuity!
Im going to give you a simple break-down on how the Tax Certificate process builds wealth for you! You can do this locallyor all over the USA!
1. Lets say taxes for 2005 are due November 1, 2005 and become delinquent on April, 1, 2006. (If taxes are not paid by April 1, the county adds a 3% penalty.)
2. Sometime April, 1, 2006, the county places advertisements of unpaid taxes in the local newspapers to announce the auction of Tax Certificates.
3. Usually by June, 1, 2006 the county holds a public auction for Tax Certificates. This gives you, the Tax Certificate buyer, a claim against the auctioned property - for back taxes, interest and advertising costs. The auction determines the return investors will receive on the certificate. Instead of bidding dollars, investors bid in county determined interest rates and they go down from there. The bidder who is willing to accept the lowest return is issued the Tax Certificate. (These bidding rules vary from county to countyso you should always study the countys rules from top to bottom!)
4. Once the Tax Certificate is sold to youthe bidder must pay the county the face amount of the certificate. Now you can just file it away and let it make money for you!
5. For a Tax Certificate to be redeemed, the County Tax Collector must collect the face amount, plus all accrued interest, penalties and a Tax Collectors cancellation fee. In essence, the tax collector is working for you! You get your full investment returned to youplus high-yield interest and any extra charges!
6. As the holder of the certificate, you can force a public auction after 2 years if the delinquent taxes arent paid. It is an open auctionand to acquire the property, the certificate holder must make the highest bid. Once the property is transferred to you, all other lien against the property including mortgages are wiped out! (With the exceptions of any government liens).
7. You now own the property!...free and clear! Just remember to pay your property taxes so you dont end up on the other side of this secure way to build consistent wealth!
Ted Thomas is America's authority on Tax Certificates. He's taught thousands of students to invest with the government, getting up to 245 returns and more. This is a system that anyone can duplicate. It's safe, simple, and secure. If you're looking for ways to get bigger returns on your Investments, Sign up for Ted's Investing Tips ($87 value) just visit his website at http:taxcertificatetips.com or http:besttaxcertificates.com.
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