Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Tax Lien Certificates and Tax Deeds - Protecting Your Investment




Source: Joanne Musa - United States

So you learned about how to buy a tax lien certificate or tax deed. You did your due diligence, prepared yourself to bid at the sale and you bought a tax lien certificate or tax deed. Now what do you do? Read on for information about the first step you need to take to ensure that your investment is profitable.

First of all, your lien or deed must be recorded in the county records, or it is worthless. In some states this is done for you and you pay a recording fee when you purchase your lien or deed at the sale. In most states, though, this is something that you will be responsible for and I suggest that you do it right away. You’ll have to wait until you have the deed or tax lien certificate, then you will have to send the original document, along with the recording fee, in to the proper office to be recorded with the county records. The required fee will vary depending on the state and county. You will need to call the recording office (usually the county clerk, or county recorder) and find out what the fee is so that you can send the exact amount in with the document. If you do not send the right payment your lien or deed may be returned to you without being recorded.

I suggest that you make a copy of the tax lien certificate or deed before you send it in to be recorded and that you send it via certified mail, with a return receipt. This way if your document is lost, you have proof that you sent it in to be recorded and you may be able to get it replaced. Also, the recording process can take some time, and if anything happens with the property in the meantime, you’ll have a copy of your document.

Once your document is recorded with the county, it will be sent back to you. Put it in a safe place. You will not be able to receive redemption of your tax lien certificate without providing the signed document to the tax collector. Do not sign it and turn it over to the tax collector until you are sure that the redemption amount is the amount that is due to you. To ensure that your tax payments, recording fees and other reimbursable expenses are accounted for, you will have to provide the tax collector with and affidavit for any payments that you make on your tax lien.

Joanne Musa is a Tax Lien Investing Coach and Consultant who works with investors who want to learn how to buy profitable tax lien certificates and tax deeds. She is the president of Tax Lien Consulting LLC, a consulting firm for tax lien investors. She is the author of the e-books: Tax Lien Investing Secrets and Tax Lien Lady's State Guide to Tax Lien and Tax Deed Investing, available at http://www.taxlienlady.com/store2/sales.html. For more tips on investing in tax lien certificates send an e-mail to MoreTips@taxlienconsulting.com




Next: Is Tax Lien Investing For You?

Previous: Investing in Tax Lien Certificates - Three Ways to Profit



Add to Informational Site Network
Report
Privacy
ADD TO EBOOK








Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> Re: Haldimand Results Please by Pfm1011
>> Re: chatham-kent by Jack
>> chatham-kent by RyanMckenzie
>> Re: Haldimand Results Please by matt
>> Re: Haldimand Results Please by Pfm1011
>> Re: Re: Haldimand Results Please by Pfm1011
>> Re: Haldimand Results Please by Pfm1011
>> Haldimand Results Please by Pfm1011
>> Re: I wish I could buy properties like this at tax sale by Dave2
>> Re: I wish I could buy properties like this at tax sale by Jack
>> I wish I could buy properties like this at tax sale by Dave2
>> Re: how do tax sales work in nb canada by rob
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> Re: New Members - MUST READ BEFORE SIGNING UP by shehla
>> how do tax sales work in nb canada by rachel
>> Re: Tiny, possible contaminated soil lot across landfill by Pfm1011
>> Sheriff's Sale of Lands - July 13 by rob
>> Tiny, possible contaminated soil lot across landfill by bee
>> Re: Feeder Rd aka Pietz Rd Welland results please by Pfm1011
>> Re: Be Careful what you buy by Frank
>> Re: Re: Be Careful what you buy by Dave2
>> Re: Be Careful what you buy by Frank
>> Re: Be Careful what you buy by Jack
>> Be Careful what you buy by Dave2
>> Re: Feeder Rd aka Pietz Rd Welland results please by Jack

Visit the tax sale properties discussion boards


Articles

>> Escaping The Affects Of Tax Liens On Real Estate Investors by David Gass
>> Introduction To Foreclosure Home Investing by Masni Rizal Mansor
>> How the Rich Become Richer by Martin Lukac
>> True Stories of the Appellate Courts by Tierra Grande
>> Save Big Time Buying A Foreclosure by J. Brian Keith
>> How To Buy Before It Gets To Foreclosure by D. Brownlee
>> New York City Annual Sale - 2006 by New York City
>> How Profitable is Your Tax Lien Investing? by Joanne Musa
>> Tax Lien Sales by Peter Emerson
>> Foreclosure Homes - Buying Foreclosed Real Estate by Carrie Reeder

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy