Tuesday, 07 December 2010 10:29
Tax Lien Investing in IndianaWritten by NRI Support
This is for those of you that are interested in investing in Indiana. On December 07, 2010 there is a sale for tax lien certificates in Cass County, Indiana. It will be at the courthouse and there are many properties to invest in. The way that it works in Cass County, Indiana is that you get 10% interest on the first six months of the tax lien investment and if it hasn't been redeemed on by then you will receive 15% on your investment for the next six months. So the average between the two would be 12.5% for the whole year if you were to average it out. There is a chance that you would bid more than the opening auction price because the bid method is a premium bid and the tax lien goes to the highest bidder. Anything that you bid above and beyond the opening bidder's price will receive 6% interest on it during the year. If you end up taking the property to foreclosure, which would be possible after the redemption period of one year, then the excess proceeds would go to the previous property owner. If you do not take it to foreclosure then the excess proceeds would go to the investor with 6% interest for the investment. Learn more about excess proceeds by searching for it on this blog by entering excess proceeds in the search box above. The website to gain information about this sale and others in Indiana would be www.sri-taxsale.com. Once you're on the website you will be able to select the county and the year that you're interested in. Then you select fetch and it will bring up the list of properties going for sale. The list can also be downloaded right through this site just by going to the download center and searching for Cass. Indiana is a great state to invest in because it has tax liens as well as tax deeds. It also has Sheriff Sales making greater investment availability. Good luck to you who are going to be a part of this sale and any of the sales in Indiana!
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Published in Tax Lien Investing