According to this report,  tax lien certificates can generate income revenue. But like everything else in this world, there are ‘Pros’ and ‘Cons’. Read carefully to see if this program is right for you. Click here for the program details.

Here’s snippet of the article:

Banks that took bailout money were supposed to use part of the taxpayer-provided cash infusion to help customers avoid foreclosure, but instead, many of them are using the tax-payer money to pad their own pockets!

As a result, the top banks are 23 percent larger than they were before the crisis. They now hold more than $8.5 trillion in assets, the equivalent of 56 percent of gross domestic product, up from 43 percent just five years ago. The banks now control 52 percent of all industry assets, up from 17 percent four decades ago.

To solve this cash-flow problem, local governments allow investors to pay off a portion of these delinquent property taxes. In return, investors receive a tax lien certificate which is a claim for property taxes.

When you buy a tax lien certificate, you are paying someone else’s delinquent property taxes. What’s more, the government actually gives you the right to receive all of the tax money due – including fees, high interest, and penalties.