Saen Higgins Discusses How To Invest In Tax Lien Certificates In New Jersey

[fbfunmaker]

Your TRUTHFUL chances of acquiring a property from buying the tax lien certificate are around FIVE PERCENT. 95% of TLCs are redeemed by family members or savings institutions.

[blu9sky]

And yes, if there is still an outstanding mortgage on the property, the tax lien, being a federal lien does override the mortgage lien as Saen teaches, that is why mortgage companies pay somewhat close attention to property tax lien

[blu9sky]

Many times buying liens of any value after they have gone to auction is difficult to do. Generally the good ones are snatched up at auction by big investors, investment companies or big banks and in bulk after working out a deal with the county.

[blu9sky]

Another thing that Saen doesn't tell you, is that counties usually will charge you a tax lien purchase fee of $10 or even $25 for the lien you buy, and NO that fee does not accrue interest. So in the end you earn little to nothing, if you didn't actually loose.

[blu9sky]

Sure there are liens out there that can earn 18% more or less, but most places in the US, the interest accrues around 1.3 1.5% monthly starting at time of purchase, until it reaches its potential 18% after one year of purchasing the lien. The big issue often is that any lien on a property with anything generally redeems one or two months after purchasing making your investment not worth your effort.

[LastOfSixMusic]

This guy's capacity to deny reality is huge and insights people to do imprudent things....Stay away from this charlatan....!

[lamaisonpurse]

Hi Saen, thanks for this information - brilliant!