The company is called Tax Lien Ventures, and they are taking full advantage of the recent law passed in the State of California. The new law grants Bitcoin as a fully “legal tender” currency, and thus allows the common owner of Bitcoin to invest in tax lien certificates. A tax lien comes to be when the property tax falls into delinquent status, and the owner has not paid property taxes within a certain period. If the default extends long enough, the house may be foreclosed upon. The house will have a “first lien” put upon it that will supercede even the bank’s mortgage. Any investor can look up the list of delinquent properties with the county, city, or state, and invest in a tax lien. If the investor brings the taxes full, they can take ownership of property, or get up to a 36% return on their investment. If the owner of record cannot make the tax payment, and compensate the investor, within a given period.
You can now invest in tax liens and make payments through this California-based company for any listed property not just in California, but also throughout the U.S. and Canada. Generally speaking, the investor will get the interest on the lien, which is anywhere from 4% to 36% per annum, depending on the municipality and time in delinquency. Indeed there are many, many instances where the property is taken over by the investor. There is a grace period for the owner of record to make the payment of anywhere from 12-36 months. With a little research and sound judgement, this is a viable investment market where either you make interest or you get a house, with no mortgage, for a mere pittance. Investors who use Tax Lien Ventures can also get “fractions” of multiple tax liens, to increase their odds of securing property if that is their goal. The service will also give you the option, in the event you do obtain a property for just the taxes owed, to cash out, or keep the property for your use.
The properties that Tax Lien Ventures has in their directory must meet the following criteria, to avoid “junk lien” status:
For more information, click here to access their website. Once there, you can sign up to see their full directory of homes in the United States and Canada. All research and account management is done online as there is no need to go to any government office to file paperwork.
Do you think this service would help you invest in real estate? Know anyone who received the property for a tax lien? Share above and comment below.
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