Lien Sales are a good safe investment. Oklahoma offers both certificates and deed sales with the certificate at 8% and redemption period 2 years. As far as deed sales all sales are public and go through a bidding procedure.

The opportunity to invest in is super do to fact most states do not allow both. So what is the difference between the certificates and deeds? Plenty.

Oklahoma Tax Sales can earn a savvy investor good returns in both these scenarios:

1) By way of a lien certificate. If you purchase a certificate you are purchasing the right to be compensated for paying taxes that a delinquent payer is not paying at the time the bill is due. When the delinquent taxpayer pays the late taxes he will also have to pay a penalty fee (8% mentioned above). When the late bill is paid, the investor will receive the principal paid for the lien along with any interest, which has accrued. When purchasing a certificate, the investor is actually paying the outstanding bill at auction for the property owner, with the promise of being paid back (with interest), in a timely manner.

2) By way of a deed sale. This occurs when delinquent taxes are not paid by a certain date. The government then takes ownership of the property, which is attached to a lien and offers it for sale to highest bidder thus a deed sale takes place. Bidding usually starts at the amount of back taxes owed plus additional cost like court fees etc. Taking ownership of the property for the original tax owed plus minor additional costs could be 80% to 90% less than what the value of property is.

Lien sales can be as simple as that if you know what to do, what to say and can follow the proper steps.

If you try to wing it doing the wrong thing could quite possibly get you banned forever from bidding not only in the county the property is in but in the whole state.

Stuart J Miller is enamored with tax lien investing. If what you have just read grabbed your attention on the possibilities of tax lien investing, go to Oklahoma Tax Lien Sales for more information and a complete 'System' to show you how to invest in profitable Lien Certificates and Deeds. Plus grab these 3 bonuses FREE- 1) Exclusive private invitation to attend a one-of-a-kind Q & A teleseminar with the Tax Lien lady, 2) How to use a Self-directed IRA to invest in Lien Certificates and Deeds, 3) State guide to Tax Lien and Deed Investing in every state. Oklahoma Tax Lien Sales

Source: www.articlesphere.com