I agree. It stinks of narrative.
Is there more? Seemed to cut off abruptly.
For almost 800 million dollars. What the actual fuck?
What operating system are you using? Just curious.
It is an April's Fools joke. At the bottom of the original article: Disclaimer: This was an April Fools Day Story.
GOTCHA!!!
Original article link: https://www.standardmedia.co.ke/national/article/2001470074/president-obama-to-relocate-to-kenya-in-june
Ummm... Who wants to tell 'em?
Wow, I think this is dead on. The financial chicanery they will bring to bear has only just begun.
... And then Sell when the price moons, right? Or have I misunderstood?
Men and women have the same number of ribs.
I think it is mycancerstory.rocks instead of .com
I love this idea. I would happily contribute to the data set!
"He kills blacks the most."
This. A thousand times this.
I would start with your local tax assessor's office and go from there. They will be happy to provide you with a list of properties coming up for auction, the date of the auction and the auction rules. You are helping them by bidding so they are happy to help.
In Georgia, it's 20% above the sale for the owners to redeem. There may be more penalties that the tax assessor may levy but basically your profit is 20%.
Definitely look online for the differences between tax liens and deeds, it would be a lot to go into here but VERY broadly, you are buying a first position lien on a property (meaning you must be paid off for the property to be sold or transferred) or you are buying a deed to the property from the county tax assessor that you can then use to take possession of the real estate.
In terms of which is better, it really depends on what your goals are. Liens are a very safe investment as long as you know what you are buying but you may be waiting for a significant amount of time to be paid off. On deeds, you are taking the risk of buying real estate without the benefit of inspections and disclosure.
On where to buy, start close to home and as your confidence increases so will the distance you will go! Depending on the state you may only have these auctions once a year and somewhere else they will be every month so you will find yourself quickly looking elsewhere to find fresh opportunities. I find myself doing much more online than ever before.
In terms of the Treasurer vs. Property Assessor, yes. The name can change but it really boils down to whatever government office that is responsible for levying property taxes. Tax Assessor, Property Assessor, Office of the Treasurer, Department of Revenue, whatever.
I would always recommend seeking expert advice and associate with people that are doing this very thing. Your local real estate association might be a good place to start, take the president out to lunch and pick their brain!
This is a VERY research intensive business. On the last auction I did, I had researched over fifty properties and only ended up winning one. Of course that was an online auction which are the most competitive. And yes you will fall in love with a place and really want to win it only to be outbid. Happens all the time. Mostly you want to know your numbers and what you max bid is and don't go above it.
It can be a fun and profitable venture and it can be a nightmare. There are as many horror stories out there as there is success stories. Take your time, learn as much as you can and mitigate your risk via due diligence before you take the plunge and you'll be fine.
Happy bidding!
Thank you for the clarification. I am currently diving into the papers, very interesting as you said.
Certainly haven't heard much out of the Department of Justice...
Define 'functioning'.
I used to go to regular auctions, not so much anymore. It is fun, especially when the county does their tax auctions and seized property auctions on the same day! (I have impulse bought many automobiles and motorcycles as a result of this.) I have a full-time job but my wife helps me with this business as she doesn't work. She is amazing with it now. Knows the areas we want and can value property in her sleep. In Georgia, during the redemption period you would not have a right to possess the property until that period had passed. Basically you have an IOU and your money is tied up until you can take possession or they redeem which includes your profit. Although some investors in that area do check if the property is occupied and if not, they will rent it out and collect rents during the redemption period. Very illegal but I have seen people who thought they rented a legitimate place get screwed when the owners show back up. Dirty business, that. Don't do it. Mostly you want to decide if you want to invest in tax deeds or tax liens or both and figure out what counties to invest in based on that. You can go as far away as you want to. One of my competitors in Michigan is from Utah and has never stepped foot in the state! And you would be amazed how much Canadian money comes over the border and into tax liens/deeds in America! Happy to give you any guidance or advice I can without doxing myself. There is also quite a bit of information on YouTube as well. A lot of the more incredible deals you hear about like people buying a house for a thousand dollars are a thing of the past though thanks to the auctions going online. But you can still find discounts and tax liens are (mostly) always safe!
No problem. Many of the answers depend entirely on the county you live in. For instance, in Oakland County Michigan, the county treasurer keeps the profit on the auction and the auction company adds a 10% buyer's premium to the final bid price. In Georgia there is a one year 'right of redemption' after the auction in which the owner can pay back all the taxes plus the overage with a premium on top for the buyer (which would be their profit instead of getting ownership of the property). New Jersey has a hybrid process and West Virginia has a different process and on and on it goes. The place to start for answers is your local county Treasurer's Office. They can provide the information on the tax auction process, a date for the upcoming auction and a list of properties to be auctioned off. Many counties have moved to online auctions but the real gold is the in-person only auctions, not many bidders at those.
I will do that! Thank you.
No, I've bought them at auction where the starting bid was the back taxes. Some counties handle the foreclosure prior to the auction and some counties require you to foreclose and still others require a time period before you can take possession. But I have seen many homes that were 'free and clear' be lost to taxes so I am just trying to spread the word that free and clear doesn't mean free and clear.
Certainly. It may be different in your state or county. I have bought tax liens and deeds in three states and the one of the most common scenarios for a property being lost to non payment of taxes is it was 'free and clear'. Really devastating when a property that was paid off becomes encumbered again by debt just due to people not understanding their financial responsibilities change but don't disappear when your mortgage is paid off. What should be wealth creation becomes wealth destruction when this happens.
Please make sure to continue to pay your real estate taxes. While you had a mortgage, the bank was paying them as part of your mortgage. They are now your responsibility. Lots of people lose their homes two years after paying them off because they didn't pay their property taxes. Or their elderly parents die and they never knew they had to pay them. Congratulations on being free and clear, but you are never free and clear from taxes.
I suggest Computershare for GME as they are the DRS agent for GME. Check out drsgme.org for details.