Tax Lates Leads
Tax Lates. So what happens when a property owner fails to pay their taxes?
Every county has a Treasurer who is responsible for collecting and tracking the payment of these property taxes. When people don’t pay their taxes, the Treasurer’s Office will create a running list of delinquent tax notices.
When a property owner fails to pay their taxes, their name will be added to the tax late list in Arizona, California, Florida, Georgia, PA, Texas, Virginia and United States major areas. Once they’re on this list, and when enough time has passed, the county will force tax foreclosure. Regardless of how much money an owner may have invested in their property, they will lose the entire property.
Tax foreclosure works a bit differently in every state, so it’s important to understand the rules wherever you’re working. The properties being auctioned off at the tax sale are not the ones we’re interested in. Why? Because by the time a property has been foreclosed on and put it up for auction – it’s too late. The typical investor will have to bid against dozens of other hungry buyers with some serious competition. In many cases, these auctions can spiral out of control, with bidding wars that push the price of any good property far beyond its actual market value… and if you’re someone who needs to find a good deal, this is a problem. Now – is it possible to get good deals at a tax sale?
When you have to fight against dozens of competitors, you don’t have an unfair advantage and you’re not in a position of power. I’ve learned the hard way that when you’re not able to call all the shots and play the game by your rules – there is a much higher likelihood that you’ll walk away empty-handed and/or make some really stupid decisions.
For a number of reasons – I’ve found that the tax sale model just doesn’t work.
Now keep in mind – if the property owner wants their name to be erased from this list, they can do it at any time by simply paying off their property taxes (and all the late fees they’ve incurred along the way). As long as they pay off these taxes prior to the county’s drop-dead date, they will maintain full ownership of their property.
This tax late list in Arizona, California, Florida, Georgia, PA, Texas, Virginia and United States major areas is kept up-to-date every day with the delinquent (or non-delinquent) status of each property owner. It’s a set of information that is constantly changing, with new names being added and old names being removed as people pay (or don’t pay) their property taxes.
Now let me be very clear…the properties being auctioned off at the tax sale are not the ones we’re interested in. Why? Because by the time a property has been foreclosed on and put it up for auction, it’s too late.
At many of these property auctions, the typical investor (aka – you) will have to bid against dozens of other hungry buyers and deal with some serious competition, which can be a recipe for disaster. In many cases, these auctions can spiral out of control, with bidding wars. The push in price can become far beyond its actual market value… and if you’re someone who needs to find a good deal, this is a problem.
Is it possible to get good deals at a tax sale?
When you have to fight against dozens of competitors, you don’t have an unfair advantage.
When we’re talking about a “Delinquent Tax late List”, it’s important to distinguish what this list is and what it isn’t. This is the county’s digital record of all the property owners who owe back due taxes. Their properties haven’t been seized by the county yet. These properties are still privately owned by their respective owners. These people are just months (or even weeks) away from losing their property outright if they don’t act soon. Now here’s the real kicker. Since the county hasn’t yet seized these properties, they haven’t published this information for the general public to see. Why is this an important distinction? Because nobody else knows about these opportunities yet.
There are a lot of people on this tax lates list in Arizona, California, Florida, Georgia, PA, Texas, Virginia and United States major areas, who are more than willing to sell their property at a steep discount. They aren’t going to advertise their desperation. Instead, they need someone like you to seek them out and make the process idiot-proof for them. When you have this list, you’re holding some very lucrative information because you know who needs help.
Tax late leads – a blessing in disguise to the real estate buyer
As a real estate buyer or investor, if you are looking out for verified and bona fide leads, you have arrived at the right place. Foreclosure.com has been working in the field of collecting and maintaining real estate leads for more than a decade now. If you are looking out for specific tax late leads in Arizona, California, Florida, Georgia, PA, Texas, Virginia and nationwide, then we are just the people you need to get in touch with us immediately.
What is tax late and what is a tax default list?
Every property owner in America needs to pay property tax to the Treasurer at the county office. Every state has its own taxation rules that citizens and residents of the state need to follow mandatorily. The Treasurer’s office closely watches defaulters of property taxes and the details of such defaulters are automatically updated on the delinquent taxpayers’ list of the state.
Eventually, after a certain defined period of time, if the taxpayer is still unable to pay the taxes and settle his outstanding, his property is auctioned off by the county office. In this way, the owner loses ownership of his property.
Though auctions are one of the ways that the real estate buyers get a chance to invest their money into a worthwhile property, there are many cons associated with auctioning like too many competitors and chances of prices going too high because of bidding wars.
How can tax late leads help my real estate business?
The tax lien properties list contains names and details of property owners who owe unpaid taxes to the county and hence their property has been legally seized so that it can be put up for Tax Lien Sale or Tax Deed Sale. This is a list that gets published so that the general public can access the information. The Delinquent list, on the other hand, is a record of owners who owe taxes but still have ownership of their property. Hence this list is still a privately held record at the county office.
This then is the prized list that you, as a real estate buyer or investor need to have information about so that you can contact the tax late owners in Arizona, California, Florida, Georgia, PA, Texas, Virginia and nationwide directly. Since the Delinquent list is out of reach of the public access, it means an excellent opportunity to convince the owner to sell off his property and pay off his dues. This all happens amidst zero competition and hence increased chances of closing a handsome deal.