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Monday, June 30, 2008
Volusia County Tax Certificate Sales
There was an article in the paper today that said that they didn't sell of the certificates that were delinquent and they will be having another sale soon. I will keep you posted as to the date, or if you want to check for yourself click here. With the last sale there wasn't even a bid for the lowest interest rate, you could just buy them at a flat rate of 18%. Sounds like a good deal to me, especially if you have the extra cash laying around.
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Thursday, June 26, 2008
Florida Tax Sales
Florida recently held their tax sales to auction off tax certificates on delinquent properties. Most counties will identify the property owner, parcel number, legal description and the amount due. In some cases, the tax sale list may include the tax collectors assessed value of the property.
The county tax collector has the authority and obligation to collect all taxes as shown on the tax roll by the date of delinquency or to collect delinquent taxes, interest, and costs, by sale of tax certificates on real property and by seizure and sale of personal property. The tax collector shall be allowed to collect reasonable attorney's fees and court costs in actions on proceedings to recover delinquent taxes, interest, and costs (Sec. 197.332).
The way this works is that the buyer of the tax certificate bids down the interest starting at a maximum of 18 per annum from the date of delinquency until a tax lien certificate is sold (Sec. 197.172). Each certificate shall be sold off to the person who will pay the taxes, interest, costs, and charges and will demand the lowest rate of interest, not in excess of the maximum rate of interest allowed by this chapter. The tax collector shall accept bids in even increments and in fractional interest rate bids of one-quarter of 1 percent only. If there is no buyer, the certificate shall be issued to the county at the maximum rate of interest allowed by this chapter. (Sec. 197.432).
When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory charge of 5 percent shall be levied upon the tax certificate. The person redeeming the tax certificate shall pay the interest rate due on the certificate or the 5-percent mandatory charge, whichever is greater. This subsection applies to all county-held tax certificates and all individual tax certificates except those with an interest rate bid of zero percent. (Sec. 197.432 (2) ).
Any person may redeem a tax certificate at any time before the tax deed is issued or the property is placed on the list of lands available for sale (Sec. 197.472). The certificate holder is entitled to initiate a judicial foreclosure proceeding any time after two years from April 1 of the year the certificate was purchased; however, the proceeding must be commenced within seven years of the certificates date of issuance (Sec. 197.502).
The deed is assigned at foreclosure to the holder/owner of the Tax Lien Certificate. (1) The holder of any tax certificate, other than the county, at any time after 2 years have elapsed since April 1 of the year of issuance of the tax certificate and before the expiration of 7 years from the date of issuance, may file the certificate and an application for a tax deed with the tax collector of the county where the lands described in the certificate are located. The application may be made on the entire parcel of property or any part thereof which is capable of being readily separated from the whole. The tax collector shall be allowed a tax deed application fee of $75 (Sec. 197.502).
Each county holds their own tax certificate sale, so if you are interested in bidding next year, please see the county website for more information. For example Volusia County would be www.volusia.org.
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The county tax collector has the authority and obligation to collect all taxes as shown on the tax roll by the date of delinquency or to collect delinquent taxes, interest, and costs, by sale of tax certificates on real property and by seizure and sale of personal property. The tax collector shall be allowed to collect reasonable attorney's fees and court costs in actions on proceedings to recover delinquent taxes, interest, and costs (Sec. 197.332).
The way this works is that the buyer of the tax certificate bids down the interest starting at a maximum of 18 per annum from the date of delinquency until a tax lien certificate is sold (Sec. 197.172). Each certificate shall be sold off to the person who will pay the taxes, interest, costs, and charges and will demand the lowest rate of interest, not in excess of the maximum rate of interest allowed by this chapter. The tax collector shall accept bids in even increments and in fractional interest rate bids of one-quarter of 1 percent only. If there is no buyer, the certificate shall be issued to the county at the maximum rate of interest allowed by this chapter. (Sec. 197.432).
When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory charge of 5 percent shall be levied upon the tax certificate. The person redeeming the tax certificate shall pay the interest rate due on the certificate or the 5-percent mandatory charge, whichever is greater. This subsection applies to all county-held tax certificates and all individual tax certificates except those with an interest rate bid of zero percent. (Sec. 197.432 (2) ).
Any person may redeem a tax certificate at any time before the tax deed is issued or the property is placed on the list of lands available for sale (Sec. 197.472). The certificate holder is entitled to initiate a judicial foreclosure proceeding any time after two years from April 1 of the year the certificate was purchased; however, the proceeding must be commenced within seven years of the certificates date of issuance (Sec. 197.502).
The deed is assigned at foreclosure to the holder/owner of the Tax Lien Certificate. (1) The holder of any tax certificate, other than the county, at any time after 2 years have elapsed since April 1 of the year of issuance of the tax certificate and before the expiration of 7 years from the date of issuance, may file the certificate and an application for a tax deed with the tax collector of the county where the lands described in the certificate are located. The application may be made on the entire parcel of property or any part thereof which is capable of being readily separated from the whole. The tax collector shall be allowed a tax deed application fee of $75 (Sec. 197.502).
Each county holds their own tax certificate sale, so if you are interested in bidding next year, please see the county website for more information. For example Volusia County would be www.volusia.org.
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Saturday, June 14, 2008
Home Improvement Pros
Ok, so you've bought one of the fixer upper houses, now what? Well, if you need Home Improvement help with electrical or plumbing problems, I always recommend that you call a professional. Electrical and Plumbing problems can sometimes be very tricky and it is so important that they are done right. Electrical Contracts and Plumbing Repair companies are easily found at The Done Right Directory. The Done Right Directory is the trusted, free and easy way for you to find, select and hire guaranteed home improvement professionals that serve many major market area. They are aggressively expanding their service area so if you don't see them in your city be sure to check back often.
Done Right’s directories feature guaranteed home improvement pros across more than 100 categories in Chicago, Dallas, Denver, Houston, San Diego, and almost 20 other markets across the US. The categories include general contractors, plumbers, electrical contractors, landscaping, handyman services, and cleaning/maid service.
As I was browsing this site, I came across a really great tool. The Done Right Library offers articles on how to start many major home improvement projects. They offer insight on Painting, Decks, Pools, Landscaping, Lighting and even Home Theatre.
Another thing that I noticed was that they even have a section for Home Pest Control. Most fixer upper homes are probably in need of pest control services, so what better place to start.
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Done Right’s directories feature guaranteed home improvement pros across more than 100 categories in Chicago, Dallas, Denver, Houston, San Diego, and almost 20 other markets across the US. The categories include general contractors, plumbers, electrical contractors, landscaping, handyman services, and cleaning/maid service.
As I was browsing this site, I came across a really great tool. The Done Right Library offers articles on how to start many major home improvement projects. They offer insight on Painting, Decks, Pools, Landscaping, Lighting and even Home Theatre.
Another thing that I noticed was that they even have a section for Home Pest Control. Most fixer upper homes are probably in need of pest control services, so what better place to start.
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Friday, June 13, 2008
Need A Vacation?
If you need a vacation, and you're not sure where to go or what to do why don't you check out TravelVoter.com. This website seems to run off the same principle as Digg by allowing users to submit content and articles and then vote on the best travel website. If you are looking for great travel deals, you may be able to find a few here but it seems that many of the people who are voting will want to promote their own websites so be careful. Looking for information on a specific destination, maybe you could use the website as a travel guide. I think it is definitely worth looking into and it might be fun to look into ideas for travel.
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Monday, June 9, 2008
Manhattan Apartments
Elika Associates is an Exclusive Buyer's Agent that assists buyers in all aspects of the buying process from the initial consultation to find out your needs, to property searches and finally negotiations to ensure that you get the best possible price. If you are interested in ivesting in Manhattan Apartments, Elika Associates is a great choice because they have the experience and resources necessary to help you locate and purchase investment property that will have a built in profit.
Elika Associates is a full service buyers brokerage firm that prides itself on being able to take the stress off your shoulders by guiding you through the buying process, coordinating the support services you need including lawyers, mortgage brokers, inspectors, insurance, tax accountants, and property managers etc. They can help you get through all of the red tape involved in real estate purchases.
Elika Associates goes above and beyond to help with:
* Completing necessary documentation needed to purchase an apartment
* Locating and comparing insurance companies for homeowner’s insurance
* Contacting inspectors to come out and survey a home or apartment before purchase
* Negotiating the closing costs of a new home or apartment
* Calling utility companies to start service on your new home
Their website offers some great tools such as a loan calculator, co-op versus condo, and even a link to green apartments that are environmentally friendly.
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Elika Associates is a full service buyers brokerage firm that prides itself on being able to take the stress off your shoulders by guiding you through the buying process, coordinating the support services you need including lawyers, mortgage brokers, inspectors, insurance, tax accountants, and property managers etc. They can help you get through all of the red tape involved in real estate purchases.
Elika Associates goes above and beyond to help with:
* Completing necessary documentation needed to purchase an apartment
* Locating and comparing insurance companies for homeowner’s insurance
* Contacting inspectors to come out and survey a home or apartment before purchase
* Negotiating the closing costs of a new home or apartment
* Calling utility companies to start service on your new home
Their website offers some great tools such as a loan calculator, co-op versus condo, and even a link to green apartments that are environmentally friendly.
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