Site Navigation

Investor Information
 Home
 Monthly Update
 Real Estate Articles
 Real Estate Videos
 Real Estate Success Stories
 Real Estate Blog
 Free Investing Books, Audios
 Real Estate Books
 Investing Glossary
 Investing Abbreviations

Real Estate Products
 No Risk Guarantee
 Best Sellers
 All Investing Products
 Real Estate Courses
 Real Estate Audios
 Real Estate Ebooks
 Real Estate Books
 Real Estate Seminars
 Special Offers

Investor Resources
 Hard Money Lenders
 Real Estate Agents
 Handyman Services
 Property Managers
 Real Estate Clubs
 Cashflow 101 Clubs
 Business Tools
 Tax Appraisal Districts
 State Foreclosure Laws
 State Property Codes
 Proof of Funds Letter

Discussion Forums
 Networking Forum
 Beginners, Carlton Sheets
 Bird Dogs, Wholesaling
 Foreclosures, Short Sales
 Sub2, Lease Options
 Rehabbing, Landlording
 Financing, Hard Money
 Asset Protection, Legal
 Commercial, Mobile Homes
 Real Estate Marketing
 Random Ramblings

Site Information
 About Us
 Advertise on REIClub
 Contact REIClub
 Link to REIClub
 REIClub Facebook
 REIClub Twitter
 REIClub YouTube
 REIClub ITunes
 REIClub Testimonials
 Press Releases


Flip Houses Using Our $
Training,Bus&POF Included!
Click Here Now!

--------------------------
Great Cash Flow
With Less Risk
Click Here Now!


Welcome, Guest. Please login or register.
Did you miss your activation email?
October 22, 2014, 08:46:53 AM

Home Help Search Calendar Login Register
Free Monthly Update
Name:
Email:
Click Here to Register for the Discussion Forums
Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: List of Tax Certificate & Tax Deed States - « previous next »
Pages: [1]
Print
Author Topic: List of Tax Certificate & Tax Deed States -  (Read 12185 times)
taxlienadvisor
Member
***
Offline Offline

Posts: 294


WWW
« on: February 07, 2010, 06:05:32 AM »

TAX LIEN CERTIFICATE STATES -

Alabama – 12% interest annually, 3 year redemption period
Arizona – 16% int, 3 year
Colorado – 9% + federal discount rate, 3
Connecticut – 18% flat rate int, 1 year
Florida – 18% int, 22 months
Illinois – 18% int, 6 months
Indiana – 10% flat rate 1st 6 months…15% 2nd 6 months, 1 year
Iowa – 24% int, 1 year 9 months
Kentucky – 12% int, 1 year
Louisiana – 5% + 1% each month, 3 year
Maryland – 6% - 24% (counties vary), 6 months – 2 year
Mississippi – 18% int, 2 year
Missouri – 10% int, 2 year
Montana – 10% int, 2-3 year
Nebraska – 14% int, 3 year
Nevada – 12% int, 120 days vacant land…2 year developed land
New Jersey – 18% int, 2 year
New York – 14% int, 1 year
Oklahoma – 8% int, 2 year
Ohio – 18% int (bulk sales only)
Rhode Island – 10% 1st 6 months + 1% each additional month, 1 year
South Carolina – 12% int (3% each quarter), 1 year
South Dakota – 12% int, 3 year
Vermont – 12% int, 1 year
District of Columbia – 18% int, 6 months
West Virginia – 12% int, 1 year
Wyoming – 18% flat rate int, 4 year

TAX DEED STATES

Alaska
Arkansas
California
Connecticut – (redeemable deed) 18% int, 1 year
Delaware
Georgia – (redeemable deed) 20% int, 1 year (10% increase each year after)
Hawaii – (redeemable deed) 12% int, 1 year
Idaho
Kansas
Maine
Massachusetts
Michigan
Minnesota
Nevada
New Hampshire
New Mexico
New York
North Carolina
North Dakota
Ohio
Oregon
Pennsylvania
Tennessee – (redeemable deed) 10% int, 1 year
Texas – (redeemable deed) 25% int, 6 months – (50% if redeemed in 2nd year)
Utah
Virginia
Washington
Wisconsin

Report to moderator   Logged

Michael R Callahan
Tax Defaulted Property Advisor
http://SEOAmerica.us
321.759.2436
davewindsor
Member
***
Offline Offline

Posts: 460



« Reply #1 on: February 07, 2010, 06:35:11 AM »

I have a quick question about Hawaii tax deeds.  I've been looking at a lot of foreclosure property down there (mostly hotel condos) and noticed that most real estate are on 99 year land leases that are expiring soon.  If I bought a tax deed and tried to foreclosure on it, what I would a get?  A fee simple deed with a building?  A building on a land lease where I still have to pay for the land lease?  Or the land, but not the building, where a homeowner might be locked in for a very long time as a leasor paying an unreasonably low land rent without any way of the owner of the land foreclosing on the building?
Report to moderator   Logged

Landlord
taxlienadvisor
Member
***
Offline Offline

Posts: 294


WWW
« Reply #2 on: February 07, 2010, 06:43:35 AM »

you would get the property (land plus the improved structure - whatever it may be)

when property lines are first drawn around an area of land, that land is given a parcel #....wehn you buy the tax lien (or redeemable deed)..you are purchasing it on the land and whatever structure is on that land.

Since you owuld now own the property, you would have to start paying the taxes, just like you do on anythig you own in real estate.

Do not worry about the homeowner being able to live there and pay rent...yes, I think it is unfortunate, but the person who owned the home (or the person currently residing there) is going to have to move on...this is now you're property...and even if they do redeem, you make a flat rate of 12%, which is pretty good.
Report to moderator   Logged

Michael R Callahan
Tax Defaulted Property Advisor
http://SEOAmerica.us
321.759.2436
PhantomTrader
Member
*
Offline Offline

Posts: 1


« Reply #3 on: April 11, 2010, 07:20:32 PM »

I live in utah and plan to attend the salt lake county tax deed sale. Im trying to find information if there are any liens that would survive after getting the tax deed, would you know? I've looked at the utah law codes http://le.utah.gov/~code/TITLE59/59_02.htm but it doesnt tell me if I would get the title free and clear.
Report to moderator   Logged
taxlienadvisor
Member
***
Offline Offline

Posts: 294


WWW
« Reply #4 on: April 11, 2010, 11:17:27 PM »

go to the link titles 'state prop-erty codes' under the resources section on the left side of the main page on this site.

it breaks the down the different sections so you can find the section you are looking for a little easier.

it probably won't say directly whether or not you will get the title free and clear...but there has to be a section on what liens (if any) will survive the issuance of a tax deed.

make sure to be aware of IRS liens.

the IRS has 120 days to petition the after the sale....they normally are not out to get anybody but the person who owes them monies..
Report to moderator   Logged

Michael R Callahan
Tax Defaulted Property Advisor
http://SEOAmerica.us
321.759.2436
Pages: [1]
Print 
Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: List of Tax Certificate & Tax Deed States - « previous next »
Jump to:  



Login with username, password and session length

Powered by SMF 1.1.8 | SMF © 2006-2014, Simple Machines LLC

 
Anti-Spam Policy | Compensation Disclosure | DMCA Notice | Earnings Disclaimer | External Links Policy | Privacy Policy | Terms And Conditions | View Cart
©2002-2014 All Rights Reserved. REIClub.com