Los Gatos, CA (PRWEB) March 4, 2009
Arizona Tax Liens.com officially removed all restrictions on who can invest in Arizona tax liens today, enabling anyone to earn 16% interest, prorated monthly, on their investments.
Arizona tax liens are created when real estate owners fail to pay their property taxes on time. Without property taxes, basic city services such as street cleaning, police and firefighter services would cease. In order to keep these services running, the local county governments, such as Maricopa County, Pima County and Mohave County, offer anyone that will pay someone's delinquent property taxes 16% interest on their investment.
In addition, they also give these investors of tax lien certificates the right to foreclose and take title to the property if the owner does not bring his property taxes current within three years.
As an example, if an investor pays the delinquent property taxes of $2,800 on a single family home in Phoenix, when the property owner pays his taxes after two years, the investor will earn 16% interest per year: $448 in interest per year times two years = $896 total interest earned.
In the above example, if the owner does not pay his taxes within three years, the investor can foreclose on the tax lien and sell the house for present market value: $280,000. That represents a 9,900% return on investment.
As of today, there are 89,099 Arizona tax liens on single family homes, townhouses, condos, apartment complexes, businesses and raw land available for purchase.
To start earning 16% interest by investing in Arizona tax liens, simply download the latest county tax lien lists at Arizona Tax Liens.com, use the free tutorials and tax lien investing education section of the website to research the properties you're interested in and acquire them from the county.
About Arizona Tax Liens
Arizona Tax Liens.com provides investors with instant, online access to Arizona tax lien lists for purchasing Arizona tax lien certificates. Guaranteed by the local county governments, and secured by Arizona real estate, Arizona tax lien certificates are the best way for investors to safely and securely generate 16% to 9,900% interest. Learn more at http://www.ArizonaTaxLiens.com.