Tax Lien Certificates
Tax Lien Certificates are interest bearing certificates, much like a promissory note. However, they carry much more authority and status by Government mandate. The Tax Lien Certificate is given first lien status. That is, the Tax Lien is the priority lien on the real estate. The Tax Lien Certificate owner has a “right” a status on the property title that is superior to a mortgage or a deed of trust. Purchases of these Tax Lien Certificates will get paid and have a right or ownership in the event of nonpayment..
When the property owner pays taxes the county passes those funds and the high interest to the Tax Lien Certificate holder. Tax Lien Certificate investors can expect a 100% return of their money plus interest or to become owners of the property if the property owner fails to pay taxes.