Foreclosure Mill Fraud Sets A 'Ready-To-Snap' Tax Deed Trap
Online, October 9, 2010 (Newswire.com) - Tax Deed Treasures has recognized a trap that has been unwittingly set by the very foreclosure mills that are forcing foreclosures through the state systems. It is an unavoidable 'tax trap' - called a "tax sale", and is one that will snap shut on the banks themselves at the end of a redemption period on a property!
Harry Connor, Jr. of http://TaxDeedTreasures.com/ has discovered this trap through knowledge of the Tax Lien and Tax Deed business, and how the various state governments work to recover defaulted property taxes. It is this very fact of a 'drop dead' date for tax payment forcing a tax deed sale that has the banks running scared. Currently, banks are 17-18 months into specific states' two-year redemption periods (even shorter in some states), and have very little time left before the trap snaps shut.
Tax Deed Treasures shows an investor how they can recognize in advance which properties are likely to be auctioned at Tax Sales through a series of step-by-step comprehensive e-Books that teach beginners exactly how to own freehold real estate throughout the USA. Tax Deed Treasures has produced separate state-specific guides for the Tax Deed Sales market.
Each guide reveals the specific advantage for the investor. The investor will discover the real choke point for all of this craziness, which is the end of local government redemption periods when they auction the property at a Tax Deed Sale, and how to leverage this to their advantage. In Florida, for example, "all liens are wiped out". With the clock still ticking, and this log jam occurring, the banks will lose title.
With numerous U.S. states Attorneys-General halting bank foreclosures because of foreclosure fraud committed by the banks and the foreclosure mills they employ, coupled with a fast-approaching 'drop dead' date for the payment of property taxes, resulting in a Tax Deed Sale - banks are going to lose properties - as bank liens are wiped out at a Tax Deed Sale!
In readiness for this near-horizon event, Tax Deed Treasures has released a series of guides that will help savvy investors profit from it. State-specific Tax Deed investing guides for the top foreclosure states of Arizona, California, Florida, Illinois, Michigan, Nevada and Texas have been produced to assist the investor on how to recognize this trap, and turn it to their advantage.
Included in this offering is a comprehensive guide for the general U.S. Real Estate property market and a final "all-encompassing" guide to Title Search Tips, which acts as an essential addendum.