Tax Lien Investing Basics Quiz
Brian Petersen November 1, 2020
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- Question 1 of 18
1. Question
What is the state-mandated interest rate in Florida?
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2. Question
What is the state-mandated interest rate in Arizona?
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3. Question
Statistics show that the majority of tax lien certificates will be paid off eventually.
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4. Question
The majority of tax lien certificate investments result in property acquisition.
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5. Question
What is a tax lien?
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6. Question
What is a tax lien certificate?
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7. Question
What is the redemption period?
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8. Question
Tax lien certificates can be purchased on all property types.
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9. Question
When acquiring properties through tax lien certificates, an investor should expect to acquire beautiful single-family residential homes that require little work.
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10. Question
Tax lien certificate holders are required to interact directly with property owners to collect on property tax debt.
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11. Question
Tax lien certificates are typically sold in which of the following settings?
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12. Question
As interest accrues on a tax lien certificate, the county makes payments to the tax lien certificate holder.
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13. Question
In order to redeem a tax lien certificate, a property owner is required to pay which of the following (select all that apply):
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14. Question
Tax deeds generally require more money and investment experience to get involved.
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15. Question
How long do counties typically hold onto a tax lien before foreclosing and offering a tax deed for sale to investors?
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16. Question
The bidding for a tax deed begins at a price including which of the following (include all that apply):
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17. Question
A tax lien is superior to all other liens and encumbrances.
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18. Question
Redemption deeds are a hybrid of both tax liens and tax deeds.
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