Earn 18% interest
I have a limited number of tax liens for sale. These are Baltimore City Tax liens which accrue interest at 18%! I am trying to raise money for this years tax sale and would be willing to let some of my current liens go. Some have foreclosures started and I have an attorney ready to start work on the others.
Contact Us Now
Some of these certificates will expire soon if foreclosure isn’t filed. My attorney is ready to go. If you are interested reply to this post or use the contact us link near the to of the page.
Happy investing – Ned
Get FREE investing tips and bargain wholesale properties via e-mail.
12 responses so far ↓
1 Josh // Mar 13, 2012 at 8:01 pm
Hey Ned,
Good to see you posting again. Quick question. Why would you sell liens you already have that give you %18 to buy other ones that give the same yield. Why not just hold on to them, or foreclose on them and make even more?
Also, I was wondering what happens to liens that get voided right after the sale. Does the city take your money and then refund it later, or just not charge you on auction date to begin with. Cuz that would really lower your effective return.
2 Ned // Mar 16, 2012 at 12:19 pm
Josh, Actually I want the money to purchase and renovate a new rental I am about to acquire.
Different investors have different strategies. Some of the liens from the past don’t meet my current strategy. Some of these I have already decided to walk away from for various reasons. I would be willing to sell them cheap, which might make them a good deal for someone else.
When liens get voided the city sends your money back. However it often takes the city a while to figure out that a lien should be voided. It can then take some time after that before they send you your money. Hence it is a good idea to check the redemption list regularly to make sure you are getting the payments from the city in a timely fashion.
3 John (1 comments.) // Apr 22, 2012 at 3:22 pm
Thanks for the explanation, Ned. I was confused about that too. I didn’t realize the city would treat the lien that way.
4 Charles Richey (2 comments.) // Apr 29, 2012 at 8:41 pm
Are you still seeing a lot of foreclosures there? The market has shifted somewhat here in Las Vegas, short sales now make up the majority of listings, not foreclosures.
Charles Richey´s last blog post ..Tuscany Village Grand Sales Event
5 A-1 // May 22, 2012 at 10:48 pm
Do you still have any tax liens for sale?
6 Lynn // Jan 29, 2013 at 5:08 pm
Yep, I’d be interested in your list of liens for sale, also.
7 Ned // Jan 30, 2013 at 12:07 am
Lynn, many of the liens have been foreclosed upon by now but I may have some available. I’ll have to do a little research.
8 Lynn // Jan 30, 2013 at 10:29 am
Ned,
OK, thanks.
9 Aaron // Feb 13, 2013 at 2:55 am
I am interesred in your tax listing for sale.can you foward more info to my email
10 Michelle // Mar 16, 2013 at 2:37 pm
Hi Ned,
Also interested in your tax liens if you have any left.
Thanks!
11 Ned // Mar 19, 2013 at 12:33 am
Michelle,
We have had such good success at foreclosing and selling the properties we get I don’t think I have many liens that I would be interested in selling. I will check and get back to you if I do.
12 Michelle // Mar 22, 2013 at 12:20 am
Thanks Ned, that is good news for you!