Periodically XSPAND may offer investors the ability to buy tax liens through an assignment process. Where available, these tax liens are listed by jurisdiction and can be acquired in some cases at full redemptive value and in others at a discount from full redemptive value.
It is important to note that XSPAND provides no investment, legal or financial advice to potential investors. As with any investment, investors should carefully consider their objectives, risks, expenses and conduct their own due diligence prior to making an offer. Furthermore, investors should be familiar with the laws governing tax certificates in the jurisdictions in which they are interested. XSPAND only represents that the tax lien certificates it sells are valid liens, and makes no representations as to the underlying collateral or overall return on investment, if any. We strongly advise potential investors to perform due diligence to make informed decisions.
To purchase tax liens follow these steps:
- Once you've determined the jurisdiction(s) in which you have an interest, thoroughly familiarize yourself with the legal requirements in that community.
- Review our listings and assemble your list of desired Tax Lien ID's. Email your selections, asking price, contact information and interested date of assignment to investor@xspand.com. Please keep in mind that we generally require at least one week to respond to assignment information requests.
- One of our Asset Managers will review and analyze this list and notify you by email which liens are available and the final assignment price for each. There is the potential that not all of the liens you requested will still be available as interest in assignments of tax certificates can be quite high and liens regularly redeem. Furthermore, in certain jurisdictions, government approval of your assignment offer may be required and allowance should be made as to the turnaround time once an offer has been made.
- Review this list and contact our Asset Manager to discuss the steps necessary to complete the transaction. In some cases a deposit may be required but in all cases you will need to remit payment by wire transfer or cashier's check once a final agreement has been reached on the terms of the assignment.
- Upon receipt of funds XSPAND will send you the appropriate tax certificates and/or endorsements.
- Upon receipt of the assigned certificates you should be aware that you may be required to record your interest with the applicable party in each jurisdiction.
Should you have any questions about our assignment process or the particulars of any tax lien offered, please feel free to contact us at investor@xspand.com. Please again note that XSPAND is not an advisory group and no investment, legal or financial advice will be provided. Should you have an interest in purchasing or viewing our current inventory of available real estate for sale or auction please visit Real Estate for Sale or Real Estate Auctions.