Don’t Ignore Real Property Tax Delinquencies

Getting a handle on statistical and physiological aspects affecting foreclosures is a time consuming task. You and I mechanically trod through the document garden picking up a grant deed here and a trust deed here—and maybe an abstract of judgment over there. It takes a while, but with diligence we can amass a statistical version of what happened in most foreclosures.The grant deeds we commonly see show the enthusiasm prevalent on the date of purchase and the cash flow out of the property to the owners a short time after acquisition of the property. In the heady days of the middle and later last decade, all of us led a charmed life and borrowed heavily on the presumed equity that seemed to flow unaided from our recently acquired property. It is true that some thwarted buyers were more suspicious of the unearned largess we reveled in. But all in all life, flowed grandly and happily through the short months of frivolity and joy. We know now—only looking backward, that a day of reckoning was showing lightly on the horizon. Most of us let the dance go on with nary a blink of the eye.Why did so many of us miss the reality of the obligations that go with the rights of ownership of residential property? Now we know. What goes up—does not have to continue to do so, but unhappily it all can come down. And it did! How did we miss all the signals?It is possible to get overly impressed with apparent competency. We knew what we were doing. What worked so well earlier should, by all rights, continue in our current world. It didn’t. Maybe we should have been looking at a more widespread picture of the real estate market. Sometimes there are indicators that show that all is not well with a particular property.One of those indicators is such an obvious one. Even before “the bubble”, it was possible to ferret out problem properties that could justify a closer look.As assessed values of properties skyrocketed way beyond “normal”, many wildly enthusiastic residential properties owners were stumbling around—unable to meet even modest real property tax obligations in a regular basis. Such taxes are due twice each calendar year, and such taxes were such a small portion of the property values in the burgeoning residential market. Some owners, even in those heady days, continued to miss paying real property tax obligations to the county on a regular basis. Shouldn’t such owners haves gotten an inkling that the future looked much less bright?Those of us sniffing around looking for “problem” properties really weren’t so clever after all. Here was a significant indicator that the residential property owner already had lost the capacity to meet minimal obligations of ownership—and we missed it!As a matter of fact, when we step through all the documentation accompanying residential property ownership, we regularly ignore the painfully obvious fact that these property owners already are in difficulty. Modest payments of real property taxes were missed this year by the owners of our chosen property. If we had had the common sense to look further, we might have found out that the same owners had been in arrears in real property tax payments for some years before that! There are clear indications that financial problems for the owners are lurking in the near future. How could we have missed that?You already know that unpaid real property taxation is important to lenders. Some lenders will combine such tax obligations with principal and interest payments due monthly to borrowers.You know the routine. First real property tax payments are due initially on November 1st of the current tax year and delinquent after December 10th. The second payment is due February 1st and delinquent after April 10th of the next year. Ten percent penalties are added on missed current year taxes and jump to eighteen percent per year (one and a half percent per month) after the first unpaid tax year. Real property tax delinquents find that missing payments can result in sale of the property by the county in which the property is located for the total of the unpaid taxes after the fifth year of delinquency. That’s downright scary—since residential property values commonly exceed the total tax amounts due by a healthy margin.I am bothered by my own myopic view of indicators for residential property owners in trouble. You and I know better than that. Here we were charging ahead while we spent many hours and countless days uncovering critical records involving all kinds of deeds, abstracts, etc., and we missed such obvious indicators of property owners who might have liked to talk to us—those with continuing real property tax problems. What were we thinking?

Taking Your Offline Business Online

When people make the decision to take their business online, they believe the first step they should take would be to set up an ordinary website. For a conventional business this would be a good assumption, but as a network marketer coming online this is not the case.A typical website will not be sufficient to develop the kind of relationships that network marketing thrives on. Your goal is for people to find you and ultimately buy from you online. One of the main things you need to learn is how to make your business easy to get to online, and how to set yourself apart from the rest.In order to build relationships with prospects, familiarize yourself with a phenomenon known as social marketing. By gaining knowledge of the internet’s new phase known as Web 2.0, and the characteristics of these sites, you can discover the ability to interact with the site’s producer or author’s of its content.Potential customers will be able to find you more easily, because search engines like newly updated information. A variety of media is now accessible to make developing these relationships possible, such as EzineArticles, and content sharing like Squidoo and HubPages. Everyone has heard of YouTube, for video sharing, and then there are blogs, and microblogs such as Twitter.Focusing on all these different forms of media would be impossible, but they are all available at little or no cost to you. You can establish a presence online to become a valuable source of information in your area of expertise.Creating a website is important, but obtaining a flow of customer traffic is more essential to the survival of your new online business. If you are going to succeed online another vital concept to launch would be attraction marketing.You can start by answering a few questions like:

Who are you trying to target? You are looking for business opportunity seekers; someone who wants to make money at home, but doesn’t yet recognize the prospect of joining a network marketing business. Possibly it could be someone who already has an affiliation with this type of business, or someone who has done research for your specific type of opportunity.

What are they looking for, thinking about, or talking about? These opportunity seekers are looking for any information to help them overcome their network marketing situation and ultimately succeed. Additionally, they are researching product information, different compensation plans, how to manage a company, and anything to help them further their development.
Do they have problems that you can help them solve?

Are they looking mostly to gain prospects that can teach them how to use the internet to help them achieve their business goals? Maybe they need to know how to spend less money on leads, or how different compensation plans compare.

Use this information to arrange your attraction marketing system, and produce a web of content.

Create and position your content online where prospective opportunity seeker will find you. The content you generate is the lure you need to gain these prospects. You do not need a website to start building content on the web. A website or blog will only advance your results.
After these seekers find you, they give you permission to communicate with them. Then you can gain their information by having them fill out a form on a blog or a lead capture page. Once you establish permission to communicate, you can maintain this lead by extending valuable offers to them.