How the money gets out into your pocket

Tax Lien Certificates are the first position lien on the property due to taxes and this was setup 100 years before the stock market so it is not something new. This is annualized for example if it is 24% a year you get 2% per month flat penalty would be 24% for the full year if they did not pay. All states are different amounts they range from 12% to 39% and they all work a little different Texas has its own set of rules and they are not bad.

The Redemption period is how long they have to come up with the money for there back taxes also known as the grace period.

There are 3 kinds of auctions:

1. Bid down Interest Rate in which they bid down the auction by 1/4 at a time and who excepts lowest interest rate wins the bid.
2. Premium bidding auction in which they bid up auction in 1 dollar increments above what the lien is for and that is money you don't get back.
3. And the last is the rotational bids in which everyone has a bidding number and they go around and have people choose any tax lien on the page.

Tax liens go:

• Property Owner
• County
• Buyer

Tax Liens take claim over any person or any lien over the property and this works because the county has to send a letter 60 days to come in and pay the lien if they don't all liens get wiped clean. The law states that and everything is in black and white.

The county needs money to pay everything 65% of the money goes to education, police, hospitals, and municipal. 100% of the money goes to benefit the community. You are doing the county a justice by paying the taxes helping them to get the money they need to keep things running.

The rate and penalties are set by the state it has nothing to do with tax lien owners.

• Role to property owners you buy them time
• Role to county like I said they need the money
• Role to community to make the local communities a better place to live

Tax Liens High interest rates

Tax Deeds you own the property

Again hope to see you all tomorrow have a great day.

Calvin