Upcoming meetings

Good morning  Fellow Real Estate Investors,
On Friday March 16, 2012 7-8:30 PM at our Movers and Shakers meeting, I’ll be doing a short segment for First Time Home Buyers. If you are not in that category you will still find it interesting to see what a HomeBuyer has to go through today for a Purchase mortgage loan. These are your retail Buyers for your endgame when you Buy, Fix-up and Sell.
Our main meeting Tuesday, March 27, 2012 6:30 – 9:00 PM will cover the lucrative Tax Lien business here in Massachusetts. You don’t have to travel to Pennsylvania, Ohio, Texas or wherever the Gurus say you have to go. Kind of like “Stay at home” investing?
“In The Commonwealth of Massachusetts, Cities and Towns are allowed to sell their “debt position”, or “tax titles” by assignment at public auction.  Tax title assignees step into “the shoes” of the municipality and become the first position lien holder.  Tax title assignees can file for foreclosure of the right of redemption.  If the taxpayer does not redeem prior to the foreclosure judgment, the tax title assignee gains ownership of the property and the taxpayer is not entitled to any surplus, or equity.  Property owners who wish to redeem their properties must pay 16% interest, plus the principal to redeem.  If an investor does their homework, it’s tough for them to lose.”
Investing, financing questions? You can call me at 781-248-6907, Mike
Mike Hurney, Director www.MassRealEstate.net PO Box 307 Marblehead, MA 01945 [email protected]

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