Your Chance to Obtain Real Estate
for Pennies on the Dollar
Welcome to the "Sunshine State"
" TWO CERTIFICATES "
Have you ever wondered how some middle income investors are able to accumulate multi-milion dollar real estate holdings.
Well, here is your chance to aquire reat lestate for pennies on the dollar through the purchase of tax certificates.
What are Tax Certificates?
Tax certificates are a high priority lien against property that means that there are very few other claims against a property which would be paid before the tax certificate lien. It even supercedes some IRS liens.
The tax certificate face amount consists of the following: the delinquent real estate tax, interest from the date of delinquency, advertising penalty fees, and a charge for the issuance of the tax certificate.
To make a simplified analogy, think of the purchase of a tax certificate as a loan to the property owner. In return, the investor recives interest on the money loan.
In Florida, each County Tax Collector collects taxes from all property owners in their County. Taxes are due November 1st of each year, and if not paid by March 31st, the Tax Collector is required by law to hold a tax certificate sale.
At any time after two years has elapsed from the issuance of the tax certificate and before the expiration of seven years from the date of issuance, the tax certificate holder is entitled to submit a tax deed application with the County to take title to the property.
Most counties today do not issue paper certificates. The certificate is kept as an electronic file at the Treasurer's office. The certificate can be sold or transferred to another person at any time. However, the sale must be reported to the Treasurer's office so a corrected certificate, with correct W-9 information can be retained.
Being auctioned are TWO tax lien certificates from Putnam County, Florida.
(1) The first certificate is a tax year 2008 Putnam County certificate #20092251. The parcel ID number is 131227335016400000.
This 2.35 acre lot is located on Fern Street in Crescent City, Florida(see map an plan attached). The face value of the certificate is $32.89 plus accrued interest and the certificate pays an annual interest rate of 16.75%
(2)The second certificate is a tax year 2008 PutnamCounty certificate number #20095740. The parcel ID number is 071025409400000002.
This 1.87 acre lot is located on Cactus Drive in the Mannville section of the town of Interlachen, Florida( see map an plan attached). The face value of the certificate is $43.24 plus accrued interest and the certificate pays an annual interest rate of 18.00%.
Both of the above lots are conviently located between Jacksonville and Orlando, Florida and just a short drive to Daytona Beach and Saint Augustine.
Please note that this is not a sale of real estate, but a sale of a tax lien on the real estate.
If by chance the tax lien certificate is redeemed by the owner before transfer to the bidder is complete, the seller reserves the right to substitute a tax certifcate of equal or greater value to the buyer or refund all fees paid. The option is at the discretion of the seller.
I have listed all information accurately and to the best of my knowledge, but as in any real estate transaction, you should do your due diliegence before bidding. Once you bid you are entering into a legal contract that you are obligated to fulfill or be held liable for the amount of your bid and any legal expenses that may be incurred to collect the bid amount.
Terms of Sale
Payment is due in three business days by paypal or bank check.
In addition to the high bid there will be a $185.00 documentation/transfer fee PER CERTIFICATE. Therefore your total cost will be your bid plus $370.00
Thank you and good luck bidding