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Sometimes when people want to buy a good pre-owned car for a low price they go to government-sponsored automobile auctions. Because the government is not allowed to make a profit on the cars it auctions off, there are plenty of opportunities for people to find incredible deals at government car auctions. Most of the cars sold at government auctions have been seized from people who for one reason or another were unable to make payments on their cars. These cars are then repossessed by the lending institutions or banks that provided the automobile loans that were used to buy the cars in the first place. Other automobiles that are sold at government auctions come from people who failed to pay their income tax or other taxes and do not have the cash to pay the government what is owed. The government then liquidates part of the tax cheat’s estate and takes possession of items such as cars. A third way cars come to government auctions is if they belong to a criminal and are taken by the government as a result of a criminal procedure. Sometimes the automobiles sold at government-sponsored car auctions are old fleet cars that were used by the various branches of government. With the exception of the government fleet cars, it is often difficult to ascertain information regarding the history or a car being sold at a government auction. Often, there is no way a person can find out who owned the car before it was seized, why the car was seized and is now in the hands of the government, and what the maintenance record on the car is. While it may be possible to do a background check based on a car’s vehicle identification number (VIN), it is often difficult to get a really good picture of the condition of a car that is sold at government automobile auction. In the days and weeks leading up to some government-sponsored car auctions, customers are allowed to examine the cars, trucks, SUVs and automobiles that will be sold at the auction. However, other government-sponsored automobile auctions where seized and repossessed vehicles are sold do not let people examine the cars closely before they are sold. Car dealerships often send representatives to government auctions in order to buy pre-owned cars at low prices. These auto dealerships will then usually sell the cars they buy at car auctions for prices much higher than those they paid for the vehicles. Like all auctions, customers at government-sponsored automobile auctions must place bids on how much they are willing to pay for the car on the auction block. Whoever makes the highest bid for a car sold at a car auction gets the car. While it is next to impossible to get an automobile loan for the exact amount one pays for a car at a government-sponsored vehicle auction, it is possible to get a loan for a specified amount before one heads off to the auction. It is not unusual for high-end and luxury cars to be sold at government-sponsored car auctions, although most of the cars sold are the normal trucks, cars and SUVs one sees everyday on the road. Visit Best Car Deales Blog for the best deals on used cars

You’re intelligent enough to know that buying a house should be partnered with a well thought out financial plan.
Just think about it. Supporters of owning a home are a passionate crowd. The reasons for their enthusiasm are credible. Let’s discuss one right now, buying a house as a tax shelter.
Your home is probably the biggest purchase you will ever make and the largest tax shelter you will probably ever enjoy.
The more you review this page, the more you begin to find yourself appreciating one of the most significant benefits of owning a home, taking advantage of the tax free sale. You may be eligible to exclude up to a quarter-million dollar gain from any tax liability.
If you file a joint return you may be eligible to exclude double that, up to half-a-million dollars.
Imagine what it would be like if the money from the sale wouldn’t have to be designated by the government for any purpose. Well, it doesn’t. It is yours to keep and use at your discretion.
Any portion of the proceeds may by rolled over into your next home. Or you might decide upon investing it in the stock market. A plus for Seniors of retirement age, the tax free money can supplement income. You can pass the money on to your heirs. It is tax free income. It goes without saying that the government will charge inheritance tax.
You’re probably wondering about eligibility requirements. There are two tests to meet in order to exclude the gain from the sale of your home. Reference: Department of the Treasury, Internal Revenue Service, Publication 523, Selling Your Home, 2007, page 10
Basically, during the 5 year period prior to the sale of your home, you must meet the ownership test and the use test. The ownership test requires that you have owned your home for at least two years. The use test requires that you must have lived in the home as your primary residence for a minimum of two years.
In addition, the two year ownership test and the two year use test that end on the date you sell your house do not have to be continuous. If you can show that you owned and lived in the house and used it as your primary residence for a full 24 months over the last 5 years, congratulations, you meet both tests.
The IRS uses this example. Suppose you bought and moved into a house in July 2003. You then lived there for 13 months but moved in with a friend because of personal circumstances. In 2006 you moved back into your house living there for another twelve months before selling in July 2007. You would meet both the ownership and use test because you owned the house four years while living in it for a total of 25 months during the 5-year period that ended when you sold the house.
Accordingly, the IRS also says that temporary absences are allowed for vacations and other seasonal absences even if you rent out the house. They can still be counted as periods of use.
For the purpose of this article I am not going to explain every detail concerning excluding the gain from the sale of your home.
The important point is this. Everyone can enjoy tax free income up to $250,000 as an individual and up to $500,000 as a married couple from the sale of a home. The government has provided this powerful tax incentive to home ownership and buying a house should be a part of everyone’s personal financial plan.
For more detailed information you should consult a qualified tax professional, accountant, or tax attorney.

A tax lien is the lien placed on a homeowner’s property by the county or municipality in the intent to collect a debt. Specifically, it is the action taken by the government to satisfy delinquent real property taxes on real estate. The governmental agency authorizes the tax lien to collect any lien which consists of delinquent taxes, accrued interest, and the cost associated with the sales. In many jurisdictions, the tax lien is the initial lien on the property; thereby granting it permissible to be sold at a tax lien auction as a tax lien certificate.

After placing a successful bid, prospective investors at a tax lien auction would have purchased a governmental- issued tax lien certificate. Subsequently, a tax lien certificate allows the investor to obtain two (2) things; a state- mandated yield from the lien or title to the property. The yield from the lien commands that the delinquent taxpayer pays in order to release the lien. After a certain amount of time (set by the jurisdiction), the certificate guarantees you the title of the property if the delinquent taxes aren?t paid. As a tax lien certificate holder, your investment is generally safe. Occasionally, investors have lost money in such procedures; therefore it is wise to fully comprehend the rules and laws of the area that you are bidding in, and be cautious not to pay too much for the tax lien itself.

There are five (5) basic methods to invest in tax liens in the event that more than one investor seeks the same lien. The winner is dependant upon each state’s laws, of course. Firstly, the prospective investor can bid down the interest. With this method, a buyer can accept lower rates of return. The winner of the tax lien certificate is the buyer that has accepted the lower rates. The premium buying procedure suggests that the investor who is willing to pay the highest “premium” (or excess beyond the lien amount) is declared the winner. Unfortunately, the premium may or may not earn interest and the investor may or may not be reimbursed upon redemption of the lien. Some states awards tax lien certificates randomly by selecting bidder numbers for each of the real estate properties that are up for auction. This is significant in that the concept of public auctions is becoming more and more mainstream and popular with the general public. In fact, within large counties, there are substantially developed internet- based auctions allowing outside bidders to participate. Yet, another tax lien buying procedure is the rotational selection. The rotational selection gives the investor holding bidder number one the first lien offer, whom actually has the right of first refusal. However, if bidder number one chooses to refuse, he will not be offered another bid until his number appears again in rotation. The final method for purchasing tax lien certificates is to bid down the ownership. In most instances, the investor will avoid bidding on liens for less than full right to the property or sale proceeds. None-of- the- less, the bid down the ownership method allows the investor to purchase the lien for the lowest percentage of encumbrance on the property. If the investor is willing to accept that the original owner will own the remaining percentage, then he/she will be awarded the lien.

It is important that you conduct your due diligence prior to making a final decision as tax lien sales aren?t for everyone. Furthermore, there are prominent benefits as well as risk to tax lien investing. One particular benefit is that the maximum rate of return in a tax lien is much higher than other investments. Unfortunately, the payment is required at purchase and failure to pay the full amount results in the cancellation of all lien certificate purchases.

All of us would like to provide shelter and protection for our family. For us to be able to do this, our first consideration is to find a good place that can be our family?s home or haven. We want to have our very own place where we can spend and cherish the happy moments with our families. Finding the home deserved by you and your family can be easily located through different tax lien listing websites. In these sites, you can find great lists of tax lien properties as well as government tax sale properties.

Buying tax lien properties as well as government tax sale properties is more advantageous to get. They are a lot cheaper compared to the regular properties for sale. This is really a great opportunity for everyone who wants to save when buying lots and houses. To maximize your search when buying properties, look for the best tax lien listings which gives complete coverage of various private and government deed sales, auctioned properties, tax lien and many more, you can surely have a good selection to pick the best.

Did you hear about the sub-prime foreclosure issues these days? It can give you more property selections for sure.

When people are faced with the non payment of the property tax, sometime the Government offers the Government Tax Sales only at the Tax lien auction to the entire public. This is one of the steps where the income can be generated in the time of lost income. In the matter of the Tax Lien Sales, then it is genuinely just a certificate issued that is sold and purchased but it is not the authentic property or the land.

The buyers who buy through tax lien are providing an amount for the original owners in order to clear their tax dues. In return to paying the money to the owner, the owner of the property has to repay the amount to the buyer that includes sum of the penalties and all the amount of taxes that are accrued and all the administrative cost that is involved. If the property owner fails to do so, then it will allow the buyer to access to own property and the deed in question.

A Tax Lien Sale is just a public sale that is set up just like an auction and it will be against the Government?s right to collect on the delinquent tax payer?s debt. Such Tax Lien Auction is organized by the government and it usually happens once a year. The Sale?s term differ from the governments from state to state. Basically, if at all the said debts is not paid towards the stipulated time and agreed amount rate of interest which was determined during the time of sale, then the tax lien purchaser may or may not foreclose the property.

If it is other than a ?Tax Lien Certificate? sale, then if you have purchased the tax deed sale, then you will not be liable against any kind of liens, deeds or mortgages of the trust that is drawn on the land that you have purchased. Here you will be purchasing the deed to the property and the deed will be entirely clear and free from any other documents and will be free from all the problems.

If you want specific details and information regarding the sale of the properties, then you contact the government officials for all the genuine documents that you will require before buying the property. It would be more and more beneficial to you if you gather more and more information on which type of property sale that you will be attending, the type of tax deed or else the toe of tax lien/certificate that is fore sale.

These details should be gathered as these two sales will differ each other in the terms of specific guidelines and rules that are will involved in these two. You also have to get the details on the different methods and also the time limits that are required for the payment and delivery of the property that you are going to buy. You will surely be benefited if you get the guidance from legal person or the attorney and if you get the details from the Government agency will be a plus point for the details.

If you have spent some time contemplating the purchase of your first home, you may be puzzled over what avenues are available to you through which you can get the most home for your money. In this regard, it behooves a first time home buyer to consider the possibility or prospect of purchasing a residence at a tax sale. With this in mind, there are pointers that you need to keep in mind when it comes to the possibility of purchasing your first home at a tax sale.
At the outset, you need to understand that if you do not have any real experience in the Tampa Bay real estate market, you really must consider engaging the services of a Tampa Realtor to assist you in purchasing a home through the tax sales process. Indeed, you will find that by engaging the services of a Tampa Realtor in this regard, you will find the process of buying your first home through a tax sale to be a relatively easy endeavor.
If you do feel more comfortable in pursuing the purchase of a home via a tax sale, one of your primary resources actually will be the local newspaper, specifically the classified ads section of the newspaper. You will find in the classified section of the local newspaper so-called legal notices. Within these legal notices, you will find announcements pertaining to Tampa Bay real estate that is being sold via tax sales.
Generally speaking, these tax sales literally are held with some regularity, sometimes literally on the steps of the local courthouse depending on what jurisdiction you reside in or in which you are seeking real estate.
The Internet can also be a useful resource for you when it comes to tax sales in this day and age. By utilizing the Net, you can identify some properties that will be subject to a tax sale.
Finally, when it comes to resources through which you can obtain information about upcoming tax sales, you will also want to consider what is available at your local courthouse. Because the country government in many cases oversees tax sales, the local courthouse can provide you with relevant information about upcoming tax sales involving residential real estate that might be of interest to you at this juncture in time.
Finally, in preparing for a tax sale, you need to make certain that you have your financing completely in order in advance of the sale itself. In this regard, you likely will need to make an initial escrow payment on the date of the sale itself. And, you will need to satisfy the full amount you bid on the property within a very, very short time after the sale itself. Indeed, you likely will have to demonstrate your financial ability to purchase the real estate that is subject to the tax sale in advance of being permitted to bid on that real estate in the first instance.

Different resources appear for the savvy real estate investor and to take advantage of them is to make some serious profits. Each of the resources has a different time frame involved with it and as such you have to learn which ones will produce the fast money and which require patience. The main point to be made here is the fact that you can easily turn a profit if you are involved with the right methods. This speaks to the need to learn all that you can about real estate investing resources. One such resource for quick profits is the property tax sale. This is a common form of collections by individual counties in the US for people who have fallen behind in their property taxes. As you are well aware, governments are big on getting their tax dollars when they want them and as such they are willing to sell a home in return for the taxes that are owed being paid. This is where the savvy investor can make some serious money in a hurry with little or no risk involved at all.The property tax sale is really a giant auction. Each year the county government is going to gather together a listing of all the homes that are behind in property taxes. This list is usually published in the newspaper and this gives those interested in purchasing the opportunity to take a quick look at the property before actually putting out some money. During this process you should spend considerable time working out which properties that you want to bid on.BiddingThe minimum bid on each home that is for sale is going to be the total amount of the taxes that are owed plus a small administration fee that is applied by the county. In most cases you have the chance to get a home that is completely ready to be lived in. However, you have to remember that you are competing against other investors. You should not expect the home to sell for the minimum bid unless there is little interest in the property overall.Time FrameThe county government that is administering the sale is going to give each of the bidders a set amount of time before the tax money is due. This is generally thirty days from the time of the sale. You will have that amount of time to pay the total amount of money that is due. If you do not pay within that amount of time then they will move on to the next bidder on the list.PossessionThe last thing that you have to remember is that you cannot take possession of the homes right away. The owner of the home has a certain amount of time to pay the taxes before they lose the home. They would actually be paying the tax amount to you and you are allowed charge a certain amount of interest or fees to make up for the money that you have put out. However, if they fail to do that then you can take possession of the home.

To better collect taxes in their various jurisdictions, every state has come up with its own rules and regulations, but a federal provision insists that the various states must comply with the Fourteenth Amendment of the Constitution. This constitutional provision provides that every citizen must take advantage of the due process of law prior to a refusal by this right buy the courts in relation to the property of the taxpayer. Separate Jurisdictions Have Separate Legal Rules and RegulationsAd valorem tax as of right has priority over all other liens on the property of a debtor all over the United States. Still yet, there is no unified legal provision regulating the administration of tax liens on property and it is known that not less than 150 systems exist, all aimed at recovering property tax. This therefore means that every state has a duty to come up with its own procedure or laws for collecting tax debts. This will also mean that the various laws by these states may conflict with what the constitution provides. This matter was put to rest in 1983 by the Supreme Court in Mennonite Board of Missions v Adams. As per the laws of Indiana State, it was mandatory on the tax authorities that any imminent foreclosure would be notified to the general public for three weeks and this notification will be made for at least once a week. A buyer of a tax sale from Elkhart County could not get title insurance because the tax sale was the subject matter of the deal. He brought an action to quiet title. In a proceeding that followed, a certified mortgagee brought an action contesting the authority of the notice issued by Elkhart County. The 14th Amendment -Due Process of the Law Must Be Adhered ToThe legal authorities in their assertion that justice must be equally provided to all, have found out that the Fourteenth Amendment is a constitutional object which protects that right of every citizen that the due process of law must be followed in every proceeding. Therefore, enough and reasonable notification must be made to all sides of the case. Failure to implement this will mean a breach of the constitutional rights of the citizen. This constitutional provision has been misunderstood and misinterpreted by some states especially on the issue of notification. There are conflicting views as to what enough notification is. It should be recalled that in the 1983 case cited above, the courts in relations to tax liens and insolvency, the mortgagee has a clear right as to notification, but other creditors have not been accorded this right because the law was unclear and indecisive on this issue. It was not until five years later when a way out of this was gotten in Tulsa Professional Collection Services. Inc v Pope, in which it was held that at the same time as the various states are coming up with their own procedure for recovering tax debts, and while they confer these rights to third parties through some agreement to recover these tax debts, and for the purpose of maintaining that the provisions of the Fourteenth Amendment of the constitution should not be breached, any other creditor or third party will be given the same notification like the mortgagee in the case of Mennonite Board. Things are still not clear today because the ‘Model Real Property Tax Collection Law’ assumed by the National Municipal League in 1935 makes it possible for a double process where property is first put up for sale out of any court action and this will be preceded by a constitutional right to a period of redemption and the taxpayer is given a chance over this period to redeem his debts. The period of grace for this redemption is a year, after which the second phase of foreclosure is certain. Both processes will call for due observance of the law especially on the issue of notification, without which any tax sales will be invalid.

As cheap as government tax foreclosure properties can be, they are all that much challenging. This is because there are a number of strings attached to such properties which you need to be well aware.There are currently 1.8 million foreclosure filings that have taken place in the year 2009. 77,159 of these have been sold which is a 108.40% increase from last year. About 341,180 new foreclosures have been added to the market. This is a 17.46% increase and is rapidly increasing as unemployment rises. To top it all off average foreclosure prices have decreased by 14.04%.The rising level of unemployment has caused many people to default on their taxes. This has given rise to the number of government tax foreclosure properties available in the market. It is however imortant to know the circumstances that surround the sale of such a property. You should know there are two kinds of tax foreclosures lein and deed. Each have their own pros and cons.Irrespective of the kind of property you go for it is equally important to examine the property in person prior to bidding on it. Whereas the total number of foreclosure filings in Texas has slowed down, the number of government tax foreclosure properties in the region have increased. California and Colorado are also high up on the foreclosure listings for these kinds of properties. Up North we have Washington and Montana with an overwhelming supply of government tax foreclosure properties on the listings.On the other end of the map Illinois, Florida and Tennessee too have been popular in the searches. These regions, especially Illinois was not one of the states where the real estate bubble had inflated but unfortunately it feels the impact of the burst to quite an extent. Illinois along with Idaho have some of the cheapest government tax foreclosure properties to offer. As more and more people fail to churn out the finances required to maintain their homes the country experiences an ever increasing rate of tax foreclosure properties.

As a homeowner, you have an obligation to pay your property taxes.