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 del.icio.us Add to Reddit Add to Digg Add to Del.icio.us Add to Google Add to Twitter Add to Stumble Upon
Add to Informational Site Network
Report
Privacy
SHAREADD TO EBOOK








Android app on Google Play

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: Gravenhurst Results Nov 15, 2018 by mountainman
>> Re: Re: Gravenhurst Results Nov 15, 2018 by mozzy
>> Re: Gravenhurst Results Nov 15, 2018 by Frank
>> Re: Gravenhurst Results Nov 15, 2018 by bee
>> Gravenhurst Results Nov 15, 2018 by Ion
>> Hamilton Results: by PG
>> Total Newbie..Did a title search on teranet. by ribs
>> Re: I have the rideau lakes title search "coons rd" if anyone wants it. by ribs
>> Re: Re: Re: Re: Re: Kawartha Lakes Result by mountainman
>> Re: Re: Re: Re: Kawartha Lakes Result by mozzy
>> Re: Re: Re: Re: Kawartha Lakes Result by mountainman
>> Re: Re: Re: Kawartha Lakes Result by Dave2
>> Re: Re: Kawartha Lakes Result by mountainman
>> Re: Kawartha Lakes Result by Frank
>> Re: Kawartha Lakes Result by landbaronofthenorth
>> Re: Kawartha Lakes Result by Frank
>> Re: Re: Re: Kawartha Lakes Result by mozzy
>> Re: Re: Kawartha Lakes Result by Dave2
>> Re: Kawartha Lakes Result by mozzy
>> Re: Re: Kawartha Lakes Result by mozzy
>> Re: Kawartha Lakes Result by mozzy
>> Re: Kawartha Lakes Result by Dave2
>> Re: Kawartha Lakes Result by mountainman
>> Kawartha Lakes Result by mozzy
>> Re: Re: Oh Oh - Deed Registration got tougher for Tax Sale Players by Dave2

Visit the tax sale properties discussion boards


Articles

>> Who's on Your Tax Lien Investing Team? by Joanne Musa
>> Foreclosing on Your Tax Lien by Joanne Musa
>> Bank Foreclosures - One of the Easiest Ways to Buy Foreclosures by Will Grant
>> What to Expect At a Foreclosure Auction by kthor
>> Tax sales that get cancelled--how to protect yourself by OntarioTaxSales.ca
>> Buying Foreclosed Properties: Important Pitfalls by Teve Torbes
>> Cheap Property For Sale - How To Make Huge Gains by sacha tarkovsky
>> What You Should Know About Foreclosure Investing by Masni Rizal Mansor
>> If Real Estate Investment Is So Great, Why Doesn't Everyone Do It? by Bruce W. Ford
>> An Industry Of Real Estate Foreclosures - It's Not What You Think by William Teleo

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy