Tax Lien Investing - Just another Scam

We've seen and heard about the newest investing method on Tv infomercials, in newspapers and everywhere. It's even said to be so easy it's like taking candy from a baby. They're talking about tax liens and you should be vary wary.

Tax liens are liens settled against ones property by local counties and similar municipalities for non-payment of assessed property taxes. agreeing to a website I just looked at its states that every county of every state sells these late or derogatory property tax bills for immediate funds after placing a tax lien against the property in question. This did use to be true in the past, but most states don not allow the collective sale of property tax liens under any circumstance. One os these states is North Carolina. You cannot legally buy or behalf from these sales in North Carolina. Yet these websites state you can - they just want your money for their kit or more. They will take your money and run.

Loudoun County Property Tax Payment

Upon additional tell over 37 states do not allow the collective sale of these tax liens. Furthermore, even if they did the homestead laws in many states would supersede any supposed foreclosing proprietary and make it so you could not evict these citizen from their homes for non-payment. Yet their advertisements state the opposite- good in any state. 5-25% guaranteed returns on every lien and most pay within 1 year, etc... These are all lies. The rule is this - if it sounds too good to be true than it is. If tax liens were such a great business than why isn't every person else in it? By the numbers proposed by these shows, infomercials, websites and similar and the fact that this idea has been nearby for over 5 years there should be many, many millionaires. Where are they?

This scam is similar to Isc (Invention Submission Corporation). They promise new inventors a patent and big royalties. finally after thousands of complaints the Ftc looked into many submission companies and found that most just lied, took money and didn't deliver anything. It was a pure ripoff. This is the same. Keep your money. There is no money to be made by the property tax lien scam.

Tax Lien Investing - Just another Scam