Florida Tax Deed Sales - How to Legally Steal from a Bank

Let's be honest, banks are not very popular at the moment. Why?

Well, they have been legally stealing our treasure for decades, and often with the full knowledge and permission of our governments.

But, as the troubadour Bob Dylan once sang, "The times, they are a changing".

This time, changing to the benefit of the people. And Florida is where the new treasures are.

When you understand how tax deed sales work in Florida, and understand past statistics and future trends, learning how to legally steal from a bank, begins to make sense.

Tax deed sales in Florida will continue to offer investors both volume and quality for many years to come. Why?

Florida operates under one of the longest redemption periods in the USA. The Florida redemption period is two years, allowing the delinquent property owner this time to pay the arrears. After the redemption period, if the arrears are not paid, the property is sold at a public auction.

Properties that are slated for sale this year were in fact in default two years ago. This means that properties that are being sold, and those slated to be sold, are already two years into the system.

Given that national foreclosures, and in particular Florida foreclosures, are on the rise, throughput volume is increasing dramatically, as is the quality of the properties offered.

Experts are predicting an increase of foreclosures each and every year for the next three years. With the shadow foreclosure market at over 11 million already in the pipeline, any increase in volume will only exacerbate the problem.

Banks cannot, nor are they able to unravel the entangled ownership confusion they have created through M. E. R. S., or the Mortgage Electronic Registration System, to the satisfaction of the judiciary.

The judiciary, through innovative lawyers, are demanding that the banks produce the original contract, and as a result are blocking banks efforts at a speedier foreclosure, creating the increase in bargains offered at a tax deed sale.

If banks cannot legally expedite the backlog, the Florida counties will use their strong Florida law to break the log-jam, and Florida law allows counties to auction properties for the taxes and penalties owed, wiping out all bank liens!

Any monies owed to banks through mortgages, are wiped out when the deed is transferred to the new owner.

Here's the picture in short form.

Owner (mortgage or not) defaults on property taxes.
Florida County starts the foreclosure process.
After two years, property is auctioned for the taxes and penalties owed.
Often for only pennies against the just market value.
All liens are wiped out.
Banks lose.
New owner wins, and steals the property from the bank!
Wealth is transferred from the old owner (often the bank) to the new owner.

The million dollar question is... "Will you be one of the wealthy new owner's?"

Find out more, and learn how to legally steal from a bank.