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10-04-2009, 04:22 PM #1
Renter
- Join Date
- Oct 2009
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Selling Tax Liens - earning 18% $150k Condo
Selling Tax Lien Certificates - earning 18% interest annually, secured by $150k Townhome in Tampa, FL.
I am selling three tax lien certificates I own in Tampa, FL. The value of each certificate is $192.55 (18% interest per annum) and all are secured by 1 acre including 2 bed, 2.5 bath newly built townhouse.
Here is my ad from Bid4Assets:
In Florida real estate taxes become delinquent on April 1st of each year. After real estate taxes have become delinquent, the Tax Collector of each county must conduct a tax lien certificate sale for unpaid taxes on each parcel of property on or before June 1st .
When a certificate is sold against a piece of property, the successful bidder pays the delinquent taxes on that property and holds a certificate which constitutes a first lien against the property. At any time after two years has elapsed from the issuance of the tax certificate and before the expiration of seven years from the date of issuance, the tax certificate holder is entitled to submit a tax deed application with the County.
The tax certificate being auctioned is a tax year 2007 Hillsborough County certificate. The certificate is a tax lien on a 1 acre property including 1,487 sqft 2 Bed, 2.5 Bath townhouse condominium located in Tampa, Florida.
Property Address: 263 Alexander Woods Dr
Similar homes in this gated communtity sell in the $150,000 - $180,000 range:
The tax certificate being offered earns 18% interest annually. As an investor you have the option in the future to continue to receive 18% interest per year or cash in on your investment and bring the property to a tax deed sale.
The buyer is bidding on a Tax Certificate for the 2007 Taxes including the first right to purchase all subsequent liens on this property for Foreclosure. Per foreclosure law, Holding a Certificate 24 Months from its initial sale entitles the owner of the certificate the right to foreclose.
Pertaining to foreclosure there will be other costs associated- please contact Hillsborough County for details,
Complete Legal Description - ALEXANDER WOODS TOWNHOMES LOT 6 BLOCK 11
Folio - 205010-0142
I have listed all information truthfully to the best of my knowledge, but as in any real estate transaction, you should do your due diligence before bidding.
This is your chance to own valuable real estate for only pennies on the dollar.
A $295.00 documentation/transfer fee will be added to the high bid.Last edited by Chief Tutor; 10-05-2009 at 09:16 AM. Reason: Put URL in Signature
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????
do people really buy stuff like this today????



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