 Florida
Statutory Governed Investment:
Short Holding Period - Less than 2 year term.
Certificates are transferable, which provides for
immediate liquidity without penalty.
State of Florida
Government Supported
Investment - Tax Lien Certificates are
created and supported by State of Florida Statute and
administered by the local County Tax Collector.
Institutional
Quality -
Active participants include Pension Funds, Large
Insurance Companies and Money Center Banks.
Institutional investors have invested tens of millions
of dollars annually in Florida Real Estate Tax
Certificates.
Professional
Management -
We have been successfully managing real estate and
financial assets for over 30 years on behalf of clients
and for our own account. Our research and management function is designed to
only select Certificates for investment where the value
of the real estate associated with a specific tax
certificate is significantly greater than the cost of
the investment in the tax certificate. Thoroughly
researching the properties is a time intensive, highly
specialized skill that is essential to investment
success.
First Priority
Lien -
Florida Real Estate Tax Certificates have a first
priority lien on real estate. The tax lien is superior
to all other debts, including mortgages and IRS liens. Lenders have a tremendous incentive to pay the
delinquent tax in
order to protect their position on properties with
mortgage loans. As a result, most certificates are
redeemed within two years of issuance.
Accrued Benefit - Real estate taxes
certificates accrue interest on a monthly basis. They
are often redeemed prior to the Statutory Two Year term
required to initiate a Tax Sale. When certificates are
redeemed, the certificate holder is paid their principal
investment and their accrued interest by the
Tax Collector of the County that issued the certificate.
Easy to Comprehend - By Statute, real estate taxes
have to be paid annually in Florida. When property owners
fail to pay, Tax Collectors in Florida issue a real
estate Tax Certificate on the properties with unpaid
taxes. The State of Florida allows investors
to purchase Real Estate Tax Certificates and earn interest
on them. The certificates are auctioned annually with a
maximum interest rate of 18% per year. If the taxes
remain unpaid for 22 months following the issuance of a
certificate, the tax certificate holder has the right to
purchase a Tax Deed and initiate a Tax Sale on the
Property.
Florida Tax Lien Certificates
are Stable and Consistent - This unique asset class is not subject to the
volatility and up and down trends of the stock
market and real estate. |
