A tax lien certificate investor purchased back taxes of $2,000 per year for two years and wants to sell them now that the waiting period has passed and it’s time to take ownership of the property. The tax lien certificate investor contacts Ron Ohr to list and sell the certificate.
You purchase the tax lien certificates for a total of $10,000. Upon tendering your payment to the investor’s attorney, you are directed to the Cook County Circuit Court where a tax deed is issued in your name.
You take ownership of the property as-is the very next day…for only $10,000. (Note: You will then be liable for the current year and future property taxes going forward. No prorations or title reports are provided.)
Free and Clear Property
In general, all prior mortgages and most liens are wiped out upon deed issuance which means that you generally have your new property free and clear!
Everybody Wins
The tax lien investor earns a return for waiting, sending out and posting the notices, purchasing the taxes, etc. You own a property free and clear for significantly less than market value, which you can then rehab, rent out, or often sell for a handsome profit!