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- Originally posted by melbear:
hey guys, I’ll bet you $1000 that the 15-60% Govt approved is the tax lien certificates (extremely favoured by American investors – and profitable too!) that are similar to our rates. Thing is, if they go unpaid there, the Govt whacks the payer with the % interest, but onsells the debt to investors. Investors earn that interest when it is paid (the Govt only wants what it’s owed so it can fund schools and stuff), and if it’s not paid in a certain timeframe, can go to court, and get the payer’s house….
Can whoever goes give a report back
I think you are spot on!
But could anyone report back just to clarify if the seminar is to do with tax liens? (please)[baaa]
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