Spring 2022 Online Tax Lien Sales

Posted on April 11, 2022 by Joanne
spring online tax lien sales

What online tax lien sales are coming up this spring?

And which of these sales are worth bidding on?

Thanks to the pandemic in 2020, more tax lien sales have gone online in the last couple of years. Some counties have gone back to having live tax sales, but many are still conducting their tax sales online. And states that only had a couple of counties with online tax sales before 2020, now have more counties with tax sale auctions online…

Here’s the scoop on tax lien sales that are happening online in the next couple of months…

The state that is probably best known for it’s online tax lien auctions, and one of the first states to have their tax lien auctions online is Florida. Florida online tax lien sales happen in May of each year. There are 67 counties in Florida. All but one of these counties now have their tax lien auctions online. Competition in this state is very competitive and good liens typically get bid down to 0.25% interest. The redemption period is 2 years.

Two other states on the eastern seaboard also have tax sales this time of year, and have increased the number of these tax sales that are online. Those states are Maryland and New Jersey.

New Jersey is the state that I started investing in. And while I do like that state for investing, it is one of the more complicated states for bidding, and also very competitive. In New Jersey the interest rate is frequently bid down to 0% and premium is bid. You don’t get any interest on the premium bid or the face amount of the tax lien when you bid premium. But you do get the statutory rate on any subsequent taxes that you pay and you get paid the penalty amount (2, 4 or 6%, depending on the amount of the lien) on the face amount of the lien.

Maryland is also a complicated state to bid in. But what I like about Maryland is that the interest rate is not bid down. Instead premium is bid – which means the price of the lien is bid up. The other things that I like about Maryland are the short redemption period – only 6 months. Each county in MD has different rules and different interest rates, so you must pay attention to the rules of the sale for each county!  Because Maryland tax sales are somewhat complicated, but I also think it’s one of the better states to invest in, as long as you stay out of Baltimore City. I did a Done With You training for the Maryland tax sales last year and it will be updated with the dates for this year’s tax sales when the information becomes available.

Other states with online tax sales coming up this season are Louisiana and Alabama. I am not a fan of the tax lien auctions in either of these states for different reasons.

In Louisiana the percent ownership of the property should the lien not redeem and the tax lien investor foreclose on the property is bid down. I do not believe that owning anything less than 100% is enough leverage to get paid on your lien.

What I don’t like about the Alabama tax sales is how long it takes for properties to get into the tax sale and the long (3 year) redemption period. I prefer to invest in states with shorter redemption periods – the shorter the better!

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5 Day Investing For Success Challenge 2022 Recap

Posted on March 26, 2022 by Joanne

investing for success

Here’s what we covered in the 5 Day Investing For Success Challenge in March of 2022

Which are you interested in investing in? Tax liens, tax deeds, or redeemable tax deeds? What state or states do you want to invest in?

Did you participate in the 5 Day Challenge and download my recently updated State Guide? And did you do the homework?

Homework for day 1 of the challenge was to read about the states that you’re interested in investing in.

Homework on the second day was to choose which state to invest in and come back with your questions.

Click the arrow below to listen to today’s Investing For Success Saturday Audio to find out what we went over each day of the Challenge.

Here’s the link to the Investing for Success Private Facebook Group mentioned in the audio, where you can still watch the videos until April 3: https://Facebook.com/groups/InvestingForSuccess

Not on Facebook?

Why not become a VIP for the 5 Day Challenge and get lifetime access to the recordings plus the Q & A sessions that we did Tuesday – Friday. We didn’t have a Q & A session on Monday because I spent the whole time in the Facebook group. Al together you’ll get 5 hours of video training from me. And watch me as I do some coaching in the VIP sessions!

Become a 5-day investing for success challenge 2022 VIP member now. And watch as I show how my coaching clients and I make finding tax sales, getting the tax sale info, and picking the right properties to bid on easy! enroll now Here.

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Tax Lien Lady’s State Guide Now Updated For 2022

Posted on March 1, 2022 by Joanne

Tax Lien Lady's State GuideNow you can download your copy of Tax Lien Lady’s State Guide to Tax Lien and Tax Deed Investing – Updated for 2022!

When it comes to getting started in tax lien investing, one of the challenges that new investors have is “Finding the best place to invest and getting the tax sale information.” At least that’s what a lot of people tell me is their problem when it comes to getting started with investing in tax liens or tax deeds. Now there is an easy way for you to get information about what happens in every state!

It’s been 4 years since I’ve updated my State Guide and a lot has changed in the last 4 years. Thanks to the COVID pandemic and shut downs in a lot of states, there are more online tax sales now then ever before. Things in some states stayed the same, but there a few states that had changes, either more online tax sales, or online tax sales on different platforms. Or maybe even a change in bidding procedures. It’s all been updated in Tax Lien Lady’s State Guide.

The first thing you have to do when you get started investing in tax liens or tax deeds is decide which state you will invest in. Tax lien investing is very different in each state and you’ll need to know what the rules and procedures are in the state that you’re investing in. That’s where this newly updated version of Tax Lien Lady’s State Guide can help. So even if you’ve downloaded it before, you’ll want to go grab the newly updated copy.

This guide will help you figure out the best place to invest. It outlined the major differences between tax lien and tax deed states. You’ll find out when and how often tax sales take place in each state and what the rules and procedures are in order to bid. For some states there’s even information on when you have to register, whether or not you need to put down a deposit in order to register, and what the bidding procedure is for that county.

And the best part is, the State Guide is FREE! Just go to the page https://taxlienlady.com/membership to download your copy. You don’t even have to opt in. Just scroll down to the bottom of that page and click on the link that says Click Here To Download Tax Lien Lady’s State Guide and the 66 page pdf file will be downloaded instantly to your device. And just in case you want more training or some extra help from me, you can always read the checklist on that same page that describes the benefits of joining the Tax Lien Profits Accelerator™.

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Profit From Your Tax Lien Without Waiting Out The Redemption

Posted on February 24, 2022 by Joanne

profit from your tax lienDid you know that you can profit from your tax lien without waiting out the redemption period? You can sell your lien to another investor. It’s known as an assignment and most counties allow you to assign your lien to someone else. Here’s how it works in states where the lien or deed is recorded in the county records….

You find a buyer for your lien and decide on a price. My recommendation is to sell it at the redemption value. Next you will have to determine a date for the sale to take place in order to get the right redemption value for that date. You may have to contact the tax collector or county treasurer (who ever was responsible for selling you the lien or deed). Let them know that you are assigning the lien, and ask them for the redemption value for the date of the assignment.

Write up an assignment contract that lists all the particulars about the tax lien, as well as who the seller is (you) and who the buyer of the tax lien or redeemable deed is. You will also need a place for a notary to witness and sign the document as well as a place for your signature as the assignor. You’ll want to keep the contract to one page, because it will have to be recorded in the county records. You can also ask the tax collector or county treasurer if they have an assignment contract template you can use.

The Benefits of Group Coaching

One of the benefits of tax lien coaching in a small group is that you get to meet other investors who are building their tax lien or tax deed portfolios. Recently after one of our group coaching sessions, one coaching client sold 2 of her liens to another new coaching client who was just starting to build his portfolio. And in our most recent coaching session I went over the assignment contract, exactly what needs to be in it, how to fill it out, and exactly what steps both the seller and the purchaser need to take. We also went over what you need to track for you liens or redeemable tax deeds.

All of our coaching sessions our recorded for coaching clients to watch at their convenience and we have 2 of these group sessions each month for coaching clients. That’s just one of the many benefits of Get Profitable Tax Liens Coaching. You can find out more about coaching with me at www.GetProfitableTaxLiens.com.

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Dealing With The Loss of My Mother

Posted on February 22, 2022 by Joanne

dealing with the loss of my motherThis post is a little different – it’s personal. It’s about the loss of my mother, Carol Ann Caivano. Someone who was very special to me and to so many others.  I feel so blessed and fortunate to have such a wonderful mother. I always felt that my mother was a living saint. At least I knew she was a better person than I.

After her passing so many of my extended family and her friends came to pay their respects. They said such nice things about her. I was really touched by a tribute on Facebook from one of her good friends. You can read it at https://www.facebook.com/Taxlienlady/posts/10227166680616637

Declining Health

Mom’s health had been declining these last couple of years. I didn’t even know the extent of all her ailments. My sisters did. One of my sisters took her to all of her doctor’s appointments. And she had all kinds of specialists for her various ailments. There was something wrong with her heart. I’m not sure what exactly and she also was low on Oxygen and iron. These last few months she was on oxygen and when she went anywhere she was in a wheel chair.

About a month ago, right before her 83rd birthday, she contracted COVID along with my Dad, and my sister. Who, by the way, were all fully vaccinated. She wound up in the hospital with pneumonia, and then contracted an infection while in the hospital. The worst part was that none of us could see her because she was in a COVID ward. Through it all Mom kept her sense of humor, but she couldn’t stand not being able to see her family. We had zoom calls with her every day, but it wasn’t the same. She beat COVID and pneumonia and was moved to another wing in the hospital where we could visit.

Even though she beat COVID and pneumonia, she still had all her other health problems and now now her kidneys were failing and she was very week. She was released from the hospital to hospice care at home. We didn’t know how much time she had left, and she needed round the clock care.

Last days with Mom

She came home late Wednesday night on February 9. We all  got to see her and spend some time with her on Thursday, Friday and Saturday. She passed away at 1:55am Sunday morning, February 13, 2022. The day before Valentines Day – her favorite holiday. She always did something special for each of her kids and grandkids on Valentine’s Day. The last time I saw her was Saturday night when I kissed her goodbye and told her I was coming back the next day.

She was in pain those last few days and was on morphine. Most of the time she was sleeping due to the morphine. But when she did open her eyes she was coherent and knew who everybody was. On Saturday I read to her from the book Revelations From Heaven by Randy Kay. I had listened to the audio version of this book and I wrote about it in the January issue of the Tax Lien Tips Newsletter. The book tells about the near death experience (NDE) of pastor Randy Kay. Pastor Kay was dead for 30 minutes in the hospital before he was resuscitated, and he tells about what he experienced in heaven.

I was reading that book to my mother because I didn’t want her to be afraid of dying. I’ve read the accounts of a few people – learned people, including an orthopedic surgeon and a brain surgeon, who died and came back to tell about it. No one who has ever had one of these experiences has wanted to come back. In fact some of them have suffered a bout of depression after being revived because they wanted to stay in heaven!

Dealing with the Loss of my mother

We had a beautiful funeral service for her on Thursday February 17, 2022. I had the privilege of picking out the readings and the music for her funeral mass, while my youngest sister with the help of a cousin did everything else. The priest, who had known her for years, gave a very wonderful homily and tribute to my mom. Yes I miss her, but I am so happy for her because I know for certain that she is with Jesus in heaven now. She is no longer in pain, no longer suffering and is happier than she has ever been because she is home with the LORD.

So many of my friends have offered their condolences, and I thank them for that. But the truth is I am good, I am better than good. I have a peace that surpasses human understanding and a joy that I cannot explain. As the well known hymn states, “All is well, all is well with my soul.” That is not one of the hymn that we sang at my mothers funeral service. But it comes to mind now because that hymn was written by Horatio Spafford. He wrote it after losing his four daughters in the tragic sinking of the last transatlantic voyage of the S. S. Ville Du Havre on it’s way from New York to the Normandy region of France.

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