Hello again thanks for joining me in the top ten risks of buying tax lien certificates as we are now on number 8 and tomorrow will have a very important 14 step due-dilligence so stay tuned. Today we are going to talk about the eight factor which is inaccurate and incomplete information about the property. Most reporters are misinformed how tax lien certificates really work. There is nothing more pure than tax lien certificates you are doing nothing wrong and surely not making it worse for the owner. You are helping the property owner buy getting there tax lien certificate. Yeah your helping buy giving them more time before they lose there house. If they still don't pay it is not your fault and the interest you make the county already tacks on. It is not because you paid there taxes as we all know when the taxes are late we get a percentage of a late fee. The beautiful thing is that you know exactly were your money is at all times not taking a chance like you do when you are in the stock market.
If the property owner is still living in the property you have a very slim chance to get the property. That is a strong signal that he is going to do everything he can to pay his taxes, but that is what you are looking for unless you want to get houses then there are a totally different set of rules for that. Just to keep the stress down it is very simple buy tax liens in good known locations with single family homes just like I have been telling you all along. You have most of the secrets to making this work just have to implement them into your own system. This is why they say misinformed information always makes things sound bad when they really are not. In tomorrows lesson this will be the most important lesson so absorb all this info because tomorrow is the 14 step process.
Hope this helped you all a little more towards buying tax lien certificate. Until tomorrow have a great day.
Calvin
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