How Does a Tax Lien Foreclosure Work in Real Estate?

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How does a tax lien foreclosure work? Learn how you can profit from them: tedthomas.com/FREE
Key Moments In This Episode
00:00 Intro & Summary
02:09 What Are The Differences Between A Mortgage Foreclosure And Tax Lien Certificate Foreclosure?
03:09 What Happens If Property Owners Don't Pay Property Taxes
04:36 How Much Are Tax-Defaulted Properties?
05:16 Benefits Of Investing In Tax-Defaulted Properties
06:04 How Tax Lien Foreclosures Work And How You Can Profit From Them
07:56 How The Financial Market Crash Affected Real Estate Investors
10:48 How To Make Money Investing In Real Estate
11:40 Examples Of How To Make Money With Tax Lien Certificates
13:19 Disadvantages Of Investing In Foreclosure Properties
How To Buy Real Estate At Foreclosure Auctions
• How To Buy Real Estate...
Learn more about Ted Thomas
Ted is an American Original - teaching people just like you for over 30 years how to buy houses in good neighborhoods for 30% to 50% of their market value. He teaches how you can sell properties fast for thousands in profit, and how you can ‘rinse and repeat’ this process over and over again - just like his students have - and make your financial dreams a reality.
Ted Thomas is America´s Tax Lien Certificate and Tax Deeds Authority. As an international speaker, Ted has dedicated himself to finding and teaching the best, and safest, investment strategies. He teaches how to create wealth with minimum risk with easy-to-learn methods. Ted’s strategies developed over decades of successful real estate investing can help everyone. From regular hard-working families, to senior citizens, to young families and professionals.
Ted chose to teach Tax Lien Certificate and Tax Defaulted Property investing because it is Certain, Predictable, and Secure. He is a specialist at teaching Advanced Tax Lien Certificate and the Tax Defaulted Auction processes and concepts to investors and professionals. Industry insiders consider Ted Thomas to be America’s Tax Lien Certificate and Tax Deed Authority. In the past three decades, he has pioneered many new techniques and strategies for Investors and Professionals.
#TaxLienForeclosure
#Foreclosures
#RealEstateInvesting

Опубликовано:

14 июл 2024

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Комментарии : 118

@Lion-hw7jf 2 года назад

So important to understand! Thanks!

@Ted-Thomas 2 года назад

Glad it was helpful!

@uhohotdog3483 2 года назад

Thanks for Awesome Content 😊

@Ted-Thomas 2 года назад

My pleasure 😊

@TheseusTitan Год назад

Good video - thanx. An interesting video would be to hear about the history of property taxes, including the law behind it going back to 200 years (as you stated). I bought your course when it was on VHS tapes… about 100 years ago - lol

@Ted-Thomas Год назад

Haha! Great video suggestions thanks - Ted Thomas Team

@mattmccomb4890 2 года назад

Great Video, thank you

@Ted-Thomas 2 года назад

Glad you liked it!

@AdanSanchez-ec2uj 9 месяцев назад

Awsome video!!!!

@Ted-Thomas 8 месяцев назад

Thank you! Make sure to get your FREE list of upcoming auctions here: tedthomas.com/freeauctionlist

@johnpavon799 Год назад

Great Video, you seem to have a process now whether it works for me is something else!

@Ted-Thomas Год назад

Thank you!

@ShaolinRopeDart Год назад

Love this guy!

@Ted-Thomas Год назад

Thanks!

@normacanales3023 Год назад

Hello Ted, I would love to received this information about Tax Lien Foreclosure in my state Orange County CA. Thank you for the video!🤗

@Ted-Thomas Год назад

Here is a link to get free auction lists: tedthomas.com/freeauctionlist

@MellostormMusic 2 года назад

Seems like a no-brainer for people with money sitting in a savings account earning 0% LOL. Thanks Ted!

@Ted-Thomas 2 года назад

You are most welcome! Keep watching for more upcoming new videos each week!

@AdventuresOfKeithius Год назад

I love learning from OG's in the game...

@Ted-Thomas Год назад

Thanks 😏

@HerSoulVacation 2 года назад

Hi Ted, thanks for the video. I was hoping that you would had explained a bit more about how does a tax lien foreclosure work. I am actually in the middle of it and doing it myself in Arizona. I am getting my info directly from the county and following the steps according to the articles. I imagine the process of how it works is different from state to state. I am in the first step, I sent the certified letter of intent to foreclose to the owner and the treasurer. We shall see what happens in 30 days. In the meanwhile I’m learning about the foreclosure process. That’s how I landed here.

@Ted-Thomas 2 года назад

Thanks for your question. Foreclosure is unusual. If you have done a few of them I do recommend your first one to find an attorney that has done tax foreclosure… not any attorney but one that has done a tax foreclosure. That might require some researching. Of course, you can do all this by following the rules like you are doing, expect some challenges at the courtroom because you are not an attorney. That doesn’t mean they will refuse you but believe me they will make sure the T’s are crossed and I’s are dotted. My recommendation is learn it yourself however have the attorney do it and then on subsequent ones do it yourself. - Ted Thomas

@HillsideHomesteadOG Год назад

How did your foreclosure go? I'm also in AZ and would like to start the process but would like to avoid hiring an attorney if possible.

@HerSoulVacation Год назад

@@HillsideHomesteadOG I did the foreclosure myself but as suspected, the owner paid the taxes in order to avoid the foreclosure. However, the county did NOT pay me the 16% so now I may sue the county.

@HillsideHomesteadOG Год назад

@Her Soul Vacation Sorry to hear that! Hopefully the county pays you.

@samiammons2024 Год назад

Good video. I like the idea. Help me to understand how do you get rid of the liens on a Tax Lien or Deed? 😅

@Ted-Thomas Год назад

Thanks for asking your question. To eliminate liens they have to be paid or negotiated off the property. - Ted Thomas

@MusafirsSoul 2 года назад

Can you please guide on foreclosing costs on tax lien certificates after expiry of redemption period! Thanks

@Ted-Thomas 2 года назад

Hi Pratt, Thank you for your question. Every state and every county will have a different number, contact the local county treasurer and they will have a written document of some kind that will explain when you purchase a certificate. If there are any fees or government expectations (and expect them all to be considerably different) I can assure you its minor compared to the income that is generated, however, some people bid tax certificates down to less than 1% and that is not a good idea. I have a free report you can check out with more information: tedthomas.com/freereport

@rosebarta4662 2 года назад

Hi Ted, I'm in San Diego, California! In your example of the person who spent $11,000 for a tax lien certificate in Arizona, he ended up getting the property because the owner didn't pay him back the $11,000 plus 16% interest. Did he have to bid again after two year he purchased the tax lien certificate? Did that property have no mortgage? Thank you for the great information!

@Ted-Thomas 2 года назад

Thanks for your question. When you buy a tax lien and its unpaid you foreclose on the tax lien. When the foreclosure is completed, it wipes out the mortgage. Here is a free mini course for you... tedthomas.com/gifts

@Lion-hw7jf 2 года назад

This is so much more interest than the bank investment and more secure than stock

@Ted-Thomas 2 года назад

Yes, indeed it is!

@richardfernandez4213 2 года назад

Hi Ted, great video! Thank you! Question: I have a Tax Lien in Coconino County, AZ. It was paid 4 years ago. What would be the first step to begin foreclosure? Thanks for your help!

@Ted-Thomas 2 года назад

Hi Richard, - Woah!! Four years ago! Have the subsequent years been paid in each of the four years? If you haven’t paid the subsequent years, you are nowhere… here is a general overview, I am not an attorney and I am not giving you legal advice. My last reading of the statutes in Arizona reveals the property owner can be in default for 3 years, so if you purchased the first year now you are in place, but now you need to renew and pay for the 2nd and 3rd years. Check the county website they might tell you how to do the foreclose, if they don’t an attorney would do it for about $1,000? What is the property worth? If it is $2,000 don’t spend the $1,000 for the closing. There is no foreclosure if you haven’t paid the subsequence tax. Again, I am not a CPA, or a broker, or an attorney. Go to the county website and research.

@HerSoulVacation 2 года назад

I’m actually doing this in Cochise County. The first step is to send a certified letter of intent to foreclose to the owner and the treasurer. I consulted with an attorney but the cost/value is not there for me. I want to make money, not pay to someone for a process I can do myself.

@rogerholloway9493 Год назад

Ted, thank you for this information. I am being pursued for taxes on my grandmother's home. I am interested in paying it but how do I get the property so I can resale it for some profit?

@Ted-Thomas Год назад

Thanks for asking your question. I am not an attorney, financial advisor, or a broker. I can help you with tax liens and tax deeds but your question is beyond my capability. The government doesn’t allow authors and publishers to give financial advise and I think that is what you need here. Happy to help you otherwise! - Ted Thomas

@joanneh5990 Год назад

Hello Ted, This video is very interesting and have never heard about this before. I live in Canada, can this be done here or only in the USA?

@Ted-Thomas Год назад

Hi Joanne, this can be done only in the United States but we do have many outside investors. Here is a link to read more about it: tedthomas.com/can-foreigners-invest-in-us-real-estate/

@UnrigAmerica Год назад

Atlanta, Georgia

@Ted-Thomas Год назад

Fulton County!

@antoniosantacruz6045 Год назад

I live in Arizona,Pima County ., Rules on Tax Liens ,Cert.

@Ted-Thomas Год назад

Hi Antonio, here is some information regarding Pima County - www.to.pima.gov/taxLienSale/

@Ploft2020 2 года назад

Thanks for the video. I purchased a municipal tax lien certificate in NJ. Having a tough time finding an attorney to foreclose. The ones I find want a lot of $$$. Can I foreclose myself pro se in New Jersey.

@Ted-Thomas 2 года назад

I am not a CPA or an Attorney - I recommend hiring an attorney if you are not comfortable with the process to make sure no mistakes happen.

@talfrei 2 года назад

Hey Ted, if I have a tax lien certificate that I can foreclose on, will I have to pay off all of the other holders of tax lien certs on that property once it gets foreclosed?

@Ted-Thomas 2 года назад

Thank you for your question. Yes, you would have to pay the other tax lien holders but you will be able to wipe out/delete the majority of liens on the property like the mortgage and deed of trust. - Ted Thomas

@gerrycrothers7871 Год назад

like thank you

@Ted-Thomas Год назад

Thanks for the visit

@2random628 2 года назад

Hi Ted, @ 4:00 you mention the counties "wipes away the mortgages" on tax-confiscated properties. Don't the banks have recourse to the real estate? Is this the case across all states, California?

@Ted-Thomas 2 года назад

Hi, the banks will have the opportunity to redeem these properties as well and if they don't then the mortgage is wiped out. Some properties that go up on the tax sale also do not have mortgages. You need to check the rules with each individual county that you are interested in bidding in.

@2random628 2 года назад

@@Ted-Thomas How long is the foreclosure process? Seems like a huge risk that could take years to work through.

@nani86097 Год назад

live in Nashua NH what is the percentage of the tax lean Certificate

@Ted-Thomas Год назад

check this out: nhtaxdeedauctions.com/

@johnchaguruka8120 Год назад

more information please

@Ted-Thomas Год назад

Hi John, here is a free report you can check out: tedthomas.com/freereport

@class3nfadealer666 Год назад

I'd like to know about LaPorte County Indiana Thank You

@Ted-Thomas Год назад

Here is some more information: laporteco.in.gov/residents/county-treasurer/real-estate-tax-sale/

@alexvlahos8432 Год назад

would like to know the process for New Hampshire.

@Ted-Thomas Год назад

Thanks for the video suggestions, here is a free report to check out in the meantime: tedthomas.com/freereport

@thomasawdffaw123 3 месяца назад

Rules in Ohio? Great video!

@Ted-Thomas 3 месяца назад

Thank you!

@kelseajones3560 2 года назад

Can you tell me about wicomico county Maryland tax lean laws and % back in return

@Ted-Thomas 2 года назад

Hi Kelsea, you can go to the county website to learn more about this specific county. If you do not understand something, call the county directly to ask questions - www.wicomicocounty.org/392/Tax-Sale-Information#:~:text=County%20Tax%20Sale%20Excess%20Funds&text=IF%20YOUR%20ANNUAL%20REAL%20ESTATE,to%20the%20June%20Tax%20Sale. ~ Ted Thomas Team

@staresce Год назад

I know nothing about this I admit but right away I feel skeptical that finding this type of real estate a tax defaulted property with no mortgage is going to be easy. Sounds like it will be rare, because if they don't pay their taxes chances are they did not pay their mortgage either. Hard to imagine a paid off property that they did not pay taxes on.

@Ted-Thomas Год назад

Thank you for your question. You need to watch more of these videos to understand. This system has been in place for over 200 years. it is predictable, certain, and secure. Here is some more information: tedthomas.com/freereport

@samlopez3161 9 месяцев назад

Lubbock County in Lubbock Texas

@Ted-Thomas 9 месяцев назад

Contact the Treasurer office for more information: www.lubbockcounty.gov/

@tanyaredcross2897 Год назад

What happens to the mortgage balance when the tax lien sale happens?

@Ted-Thomas Год назад

Always check with the local county rules, but typically get gets wiped out!

@2020Bookworm Год назад

Is this advice relatable to Canadians? I live in Toronto, Ontario.

@Ted-Thomas Год назад

Yes! Here is some more information: tedthomas.com/can-foreigners-invest-in-us-real-estate/

@garypollard9498 10 месяцев назад

I'm in North Carolina and wonder if it's feasible to open an LLC and borrow 5000 for it to start this business

@Ted-Thomas 9 месяцев назад

Yes it is!

@hotelhonda3308 2 года назад

I’d like to know more

@Ted-Thomas 2 года назад

We host one-day workshops monthly if you are interested to learn more tedthomas.com/1dayworkshop

@xaviergross4002 2 года назад

What does Alabama PAY for tax certificates?

@Ted-Thomas 2 года назад

Hi Xavier, 12% per year. - Ted Thomas Team

@docvencil2222 Год назад

Florida percent Duval county

@Ted-Thomas Год назад

Up to 18% in Florida!

@healingpath4876 Год назад

Ok, If you don't get the property, then how do you get/make money on your investment (on the tax lien foreclosure property)? I don't get it.

@Ted-Thomas Год назад

With a tax lien certificate you receive interest on your investment - Ted Thomas Team

@wolferobertiii 2 года назад

I"m in Texas. Can you tell me how it works here?

@Ted-Thomas 2 года назад

Hi Robert, Check out my other video on Texas-- ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-lSmdw6zsBQw.html

@gerrycrothers7871 Год назад

what does the state of Oregon please tax certificate

@Ted-Thomas Год назад

Hi Gerry, Oregon is a tax deed state

@richardsnyder6578 Год назад

Tax liens in Hawaii please reply with information thank you very much.

@Ted-Thomas Год назад

Hi Richard, Hawaii is a redeemable Deed state. It pays 12% per year and 1 year redemption period - Ted Thomas Team

@tamnguyen-df1tr Год назад

Hi. Can you foreclose the home of the owner is in jail? How do you serve the paper?

@Ted-Thomas Год назад

Thanks for asking your question. I am not an attorney and I can not give you legal advice. What you are talking about happens all the time, prisoners can be served in jail. - Ted Thomas

@user-dr7ns6jr8j 9 месяцев назад

hi ted i just retired from truck driving i am interested in what you are talking about i live in the Tampa bay area of florida i would love to have something that would add to my monthly income

@Ted-Thomas 9 месяцев назад

Great! We host a virtual workshop every two weeks, the next one coming up on Sunday. Here is the link to sign up! tedthomas.com/1dayworkshop

@marciacosta3252 Год назад

Can I buy if I am Canadian?

@Ted-Thomas Год назад

Yes! Here is an article you might find helpful: tedthomas.com/can-foreigners-invest-in-us-real-estate/

@JohnMHill-oi6rb Год назад

Does that work in Canada? JMH

@Ted-Thomas Год назад

Hi John, this type of investment if only for the United States, although people who live outside of the United States can participate in this business, here is more information: tedthomas.com/can-foreigners-invest-in-us-real-estate/