Sometimes a home owner loses their home because they failed to pay the Government taxes owned on that property - and the local county government puts a lien on the home (called a "tax lien") and usually gives them a period of time in which to make good. This "grace period" however comes with some conditions: Since the taxes are needed right away, someone has to come out of pocket. In this case, someone such as "you" gets the opportunity to pay the outstanding taxes (often just a few $100's to seldom more than a few $1,000!) But why would "you" (a total stranger) pay someone else's taxes? Simple: The county government has set up a "rewards program" that gives you a "profit motive" to do so! This Program usually has 2 ways for "you" to win! (a) The first works like this: You pay the taxes for the homeowner now, and they pay you back within such-n-such time with some extra "interest" on top of what you paid (this way "you" sort of become their bank, and get paid back what you paid plus interest!) (b) The second way you get rewarded is in the event the homeowner fails altogether to ever pay you back, and "you" suddenly find yourself owning the home free-and-clear (for that same small amount you paid in taxes owed!) But don't think any of this is hard. In fact, it's as simple as just contacting the county office quite often, and then choosing from a list of "delinquent tax properties" and saying "Yeah, I'll take this one" or "I'll take these!" Then you simply pay the small amounts to cover their taxes (again, often starting BELOW $100 to seldom more than $3,000 per property!) And again, if the home owner fails to pay you back that $100 to $3,000 (plus interest as require by state or county law) you get the property as your very own to keep and do with what you please! And why is this great? ... Two main reasons: You get a nice home for just a few $100's to seldom above a couple of $1,000's. You can turn around and resell the home for a HUGE discount and still make an even BIGGER profit! http://mktbulfa.blogspot.com/#
