Welcome to this short little video on how to effectively research and evaluate potential deals or auctions using one auction provider called Bid for Assets. Right now, we've got Washington that does have a couple of counties coming up here toward the end of the year that are having some online tax sales. In fact, right now they have one specific County that is doing a REO (Real Estate Owned) for sale, which is a way for the County to collect any delinquent property tax revenue by offering the properties for a second time if they didn't sell at the first sale. So, really quick here, what you're looking at is Bid for Assets. Again, this is one auction provider for about four or five in the entire country that acts as a provider for counties. Now, in Bid for Assets, there are a lot of different great ways to find good deals. But today, what we're going to focus on is the section that says "county tax sales." The first thing I want you to do once you come to Bid for Assets is to click on "county tax sales." I've had a few requests for this video. This one goes out to two Berna, so Burner, here you go. I wanted to show you guys this in live time. What are you looking at over here on the right-hand side is what is called an auction calendar, a great little resource for you. Again, this doesn't include every county in the country, but it is one great place to start as a way to start getting familiar with online tax sales and how to purchase property using their online auction platform. What we're going to focus on today is where it says Pierce, Washington. This is Pierce County, Washington. You'll notice...
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Notice Of Intent To Lien washington state Form: What You Should Know
Washington General Contractors' Lien Notice (PDF, 3 pages) How to Lien a Residential Property in Washington (PDF, 9 pages) More Lien Information in Washington More information about Washington law on property, loans, homeowners, mortgages, mortgages with security interest, loan consolidation and liens. General Liens: What You Should Know About The General Liens Act addresses liens on real estate when the owner fails to pay its bills. If the property is subject to General Liens, the seller may require a notice of notice to the owner, and the lender may require a lien release which includes the full amount of the General Liens and a statement that the seller may file the lien if the owner fails to pay the General Liens. In addition, the State Auditor shall annually report to the Legislature on the extent to which General Liens are satisfied or not satisfied, and shall make recommendations regarding the legislative means to ensure that the amount assessed on liens will cover actual damages to the property due to a failure to pay the General Liens. Washington Law for Lien Holders: How to File General Liens, Lien Releases, and Other Law How to File a Defaulted Mortgage Loan With the Board of Governors or Lender (PDF, 3 pages) Filing a Lien (PDF, 12 pages.) A lien is a judgment in favor of a secured party, usually against the property of the secured party. A lien can affect the value of other secured debts and assets of the secured party. A lien gives the secured party a right to keep a specific amount of money from an escrow account. Also, a lien may impose a penalty on the property owner. If the collateral security is title insurance, payment of the lien may result in the loss of title to the property by the secured party. How to File a Lawsuit to Collect a Lien (PDF, 5 pages) Washington Notice of Right To Claim (PDF, 4 pages) How to File a Lawsuit to Collect a Lien and Other Forms (PDF, 5 pages) General Liens: What You Should Know About (PDF, 12 pages.) A Washington Notice of Right To Claim, commonly abbreviated “NTSC” (commonly abbreviated “NRC”), authorizes the holder to collect or receive the full amount of the security interest in suing the holder of the security.
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