Statistics
FORECLOSURE STATISTICS
Homeowners Facing Foreclosure 1 out of every 200 homes will be foreclosed upon. For a city like Washington, D.C., that translates to 3,000 Washingtonians losing their homes to foreclosure each year. – Mortgage Bankers Association Every three months, 250,000 new families enter into foreclosure. – Mortgage Bankers Association One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage. – Based on information from the Mortgage Bankers Association.
This is good news for tax lien investors. Many loans that are now in default have not paid the taxes because of the way the loan was written. Typically, in years past, taxes were paid for by the bank, and the taxes were collected monthly included in the monthly payment. Fortunately, for tax lien investors, and unfortunately for the government, this leaves many taxes unpaid, but eventually will be paid by the next property owner.
You as the tax lien investor benefits because you have a safe high yield investment. The county benefits because you loan them the money, the bank wins because they don’t have to pay the taxes.
To learn more, get our free report “Avoid the pitfalls of investing in tax liens”.