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The 16 % Solution, Revised Edition: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates - Hardcover

Moskowitz, J.D. Joel S.

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9780740769627: The 16 % Solution, Revised Edition: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates

Synopsis

This revised edition is arriving just in time to inform investors how to take advantage of today's slumping U.S. economy. With home foreclosures at an all-time high and the erratic stock market damaging 401(k) accounts, people are looking for innovative ways to invest their money.

Moskowitz explains what tax lien certificates are (liens against property for unpaid taxes), why they are safe (certain states insure them), and how they fit into an overall financial plan. This new edition includes updates to the laws and procedures of states and counties that offer tax lien certificates.

* The 16% Solution has been updated to reflect current legal requirements and information.

* Seen as a great investment solution: "If you become a buyer of tax liens, we recommend reading The 16% Solution by Joel Moskowitz. It's a worthwhile investment." --Ken and Daria Dolan, Straight Talk on Your Money.

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About the Author

Joel S. Moskowitz is an attorney specializing in environmental law. He has argued before the U.S. Supreme Court, the California Supreme Court, and several courts of appeals. Miami is his home.

From the Inside Flap

About $15 billion in property taxes goes unpaid every year in the United States. When these taxes are not paid, a tax lien is put on the property. In many states, local governments allow investors like you to pay these overdue taxes. This gives them the money they need right away for their police and firemen and all the other functions of government.
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And what do you get? Your investment seldom amounts to more than 1-3% of the value of the property, so if you've taken the steps outlined in this book, your investment should be secure. And when the lien is paid, you get your money back, plus all the interest penalties the government collects, which can be 5%- 36%, depending on the laws of the state.

"About this title" may belong to another edition of this title.