Tax Lien Certificate Info

I am new at this and would like to know what are some good sources to educate myself on Tax lien or Tax Deeds. Your help is appreciated.

The state of Louisiana has redemption Period of 3 Year with an interest Rate 17% on its Tax Lien Certificates. The delinquent tax payer (property owner) must redeem the property and pay the local government what you the investor paid to purchase the tax lien certificate plus interest, before the three year redemption period passes! If the homeowner fails to pay within the statute mandated "Redemption Period" you can seek ownership of the property.

Louisiana has what is called parishes the equivalent to a county and on top adds up to a 5% penalty for one to redeem the property from the high bidder.

This is not a way to get property for cents on the dollar as advertised it can be a daunting process and one must be pre paired to deal with occupant removal.

You must have the ability to analyze the property profitability, perform a title search along with its marketability.

Some links below will help in your research:

TCI Articles:
http://www.thecreativeinvestor.com/residential/modules.php?name=News&file=article&articleid=840
http://www.thecreativeinvestor.com/residential/modules.php?name=News&file=article&articleid=547
http://www.thecreativeinvestor.com/residential/modules.php?name=News&file=article&articleid=211

TCI forum post:
http://www.thecreativeinvestor.com/ViewTopic36600-16-7.html
http://www.thecreativeinvestor.com/residential/modules.php?op=modload&name=Forum&file=viewtopic&topic=26882&forum=16
http://www.thecreativeinvestor.com/residential/modules.php?op=modload&name=Forum&file=viewtopic&topic=17718&forum=16
http://www.thecreativeinvestor.com/residential/modules.php?op=modload&name=Forum&file=viewtopic&topic=13959&forum=16
Web sites:
http://www.taxsale.com/
http://www.bid4assets.com
http://www.firstgov.gov
http://www.wowworks.com/wowcity/la.htm
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Thank you for all the links. I will be sure to visit them and learn as much as I can.

I did not understand the comment you had made about "a charge of 5% penalty for one to redeem property from the high bidder". I thought once I have the tax lien certificate and if the owners dont pay up I become the owner of the property.

What is process of eviction?? Is it discussed in the links you had sent me???

I'm new and don't know if I'm doing this right. Does anyone know the address of the IRS Lien office in Jacksonville, FL? Thanks.

hello. i'm from shreveport too and was wondering about the upcoming tax sale there. anybody have any info on it?