I just got back from the Commissioner’s Certificate Sale in Lake County Indiana
In Indiana if tax liens do not get sold in the tax lien sale, they are certified to the county Commissioner, and sold in the Commissioner’s certificate sale. Liens in this sale have a shorter redemption period only 4 months (120 days) instead of 1 year. And the starting is bid is lowered from the amount of back taxes and penalties owed to amount that each county determines. At the Lake County Commissioner’s Certificate Sale, the bidding started at $500 for all the properties in the sale.
There are also 2 different list of properties that are auctioned in this tax sale. The new list is the list of properties that didn’t sell in the last tax lien sale this past fall. Then there is a list of repeater properties that have been in the tax sale in previous years. In this sale there were 550+ properties on the new list and over 10,000 repeater properties. The tax sale goes on for about 3 days, but we only stayed to bid on the properties that were on the new list, which were all auctioned on the first day.
I went to this sale with a VIP client who I coached through the process of getting the tax sale information, researching the tax sale properties and determining which properties to bid on, being prepared to pay for the tax liens after the sale, and what to do after purchasing a lien in Indiana.
On our way to the Commissioner’s Certificate Sale:
And here’s a video with our results…
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Do you want help going getting ready for and bidding at your first tax sale? Want to make sure that you’re successful? Would you like me to spend 3 days in your city helping you get ready for a tax sale and having me attend a tax sale with you? We can even do it in less time if you don’t have 3 days to spend on tax lien or tax deed investing.
And don’t worry if you don’t have $15K to invest right now. I can help you get smaller amounts investing in tax liens. We can even do a virtual VIP weekend or VIP day if you don’t want to travel. I’ve got you covered.
If you’d like to talk to me to see what the best way is for us to work together so that you can start making money from tax liens or tax deeds, fill out the form at http://taxlienlady.com/mentoring-application, and schedule a short Profit Planning session with me.
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