This article DC Fawcett Reviews about county-held certificates is an eye-opener to people who have a mistaken belief about the concept. Well, there are enough materials available online to educate yourself on this particular concept, but this article will cut through the noise and help you understand what county-held certificates are and whether it is available for auction and how can you purchase them.
First things first, so let’s have a look at it what are county held certificates. Tax lien certificates that do not sell at the annual auction are held by the county and they are known as county held certificates.
During each sale potential investors purchase nearly all the tax liens, however, few of them, do not go well and are struck off (or sold) to the county. This may be because the property is an un-buildable strips or parcels of land of less value.
Exploring County-Held Certificates:
Purchasing tax lien certificates is a “buyer-beware” proposition and there are chances for the investor to be burned easily when they do not do their due diligence. Therefore, when you are planning to purchase a county-held certificate, it is always good to do your research as to know what returns it will give you.
No matter how lucrative it seems to be, care should be taken when evaluating these liens because a two-acre lot that appears to be a good deal may actually be a parcel. For example, you would have seen auctions with parcels as small as just a portion of an acre in what amounts to a swamp; in that case, you need to be careful.
Can I purchase a county-held tax certificate?
A registered buyer is eligible to purchase county-held certificates without any bidding as long as they are available. In order to acquire it, one must pay the county, the value of the certificate, and an assignment fee associated with it. Some of the other details that are required include the exact name you wish to appear on the certificate, your Social Security number, and the exact mailing information.
Post all this process, the treasurer’s administrative center will then surrender a resolution to the county commissioners requesting endorsement of the purchase. Purchasing county-held tax certificates has its own pros and cons. Therefore, it is imperative to be on your guard, in order to extract the best out of it. If you are looking out to expand your real estate investment portfolio by means of tax lien investing and wanted to have a profitable addition, then be a part of DC Fawcett Virtual real estate investing club.
Well, there are so many reasons why you should be part of this club, one predominant reason is that being a part of this club means you are making time for more safe and profitable additions. DC Fawcett real estate reviews will help you uplift your realtor business in countless ways. Stay tuned to DC Fawcett real estate blogs to best equip yourself with real estate investing, trending news and much more.
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