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C0113c70r's HoldingsTax lien investing has become a very rewarding business for C0113c70r. Below is a summary of our investment holdings as of August 17, 2006:
An example of what this chart reflects is that a single parcel of property measuring 6.12 acres and having a fair market value of $61, 200.00 will be foreclosed on by C0113c70r at the end of ten months. Our total investment, to date, in this parcel of property is only $328.20 (but that will be increased within the next four months when we pay the next taxes due). The delinquent taxpayer can still be saved from our foreclosure of his property if, and only if, he takes action within the next ten months and pays his taxes, the amount of costs associated with the government's collection efforts, and interest at the rate of 12% on the total interest-bearing investment since the sale of the original tax lien (which occurred 26 months ago). |
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