Municipal Lien
Hi I am firstimer, i called county office and Local township clerk office. about how do i buy Tax Lien certificate. They are telling me it is very hard to handle it. Only banks and big bussiness can handle it. In NJ it seams like something confusing. When I tell them about Tax Lien Ceritificate, they talk about Muncipal Lien, and Sarrife Sale etc. ANy help will be very gretaful
thanks
Hi, Van....You're in NJ? I don't know much about the municipal lien business, but I happened to have the opportunity to spend a couple of hours with a woman in the tax collector's office in Jersey City this past Monday, talking about tax liens and sales thereof specific to Jersey City.
She was SO helpful to and informative with me that I got her name and number...if you would like to try to contact her, let me know by email at MarkWilliams@PositiveDestiny.net with a phone number for you and I'll call and talk to you about her.
Mark
vanderbhai,
Glad to meet you.
I believe what this person was telling you is that in NJ the major companies are buying up the tax liens at present because of the economy, their way of finding alternative ways of making money in their investment strategies. This leaves the small time investor in a position of not investing at this time or being very careful when they invest.
This will change when the major companies find out they will not be making the money they thought they would off this type of investment. It is a cycle that goes on from time to time, when it cycle's out then the small investor can jump back in.
John $Cash$ Locke
VanderBhai:
First start out by asking these clerks to SHOW YOU where the delinquents tax listings can be reviewed?
This is PUBLIC INFORMATION Freely available to the Public and THEY ARE PUBLIC SERVANTS who are to ASSIST YOU with this SIMPLE REQUEST!
In other words---Don't Let em Blow You Off.
Once you have identified nice properties in your area that have Delinquent Amounts WITHIN YOUR BUDGET.
THEN
You can sort out which homes to bid on and call all the LAWYERS listed in the YELLOWPAGES who SPECIALIZE in TAX LIENS.
Ask these Attorneys what they charge to represent you on the Purchase of the Tax Certificates and subsequent fling of Your Lien against the homes for redemption notice and Deed recording?
Once you've acquired your 1st deed and/or return of Interest Payment on your certificate---REVIEW EACH DOCUMENTS FILED + PAPERWORK PREPARED BY THE ATTORNEY---If you feel Confident enough you probably can complete the paperwork/filings on your next Tax Certificate Purchase/Lien recording ALL BY YOURSELF!
Check the laws with your State on 'Who Can File' if you must use an Attorney then you will ALWAYS Have to PAY THEM to FILE.
If not then you can safely save yourself the costs of filing and/or drafting the documents.
WARNING: Be sure to be aware of your State's/County's changes in these Laws--
And it's also a GOOD Practice to consult an Attorney to REVIEW your paperwork before filing!
Hope this Helps!
DERRICK
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