Bidders fee
Bidder responsibility to TheTaxLienBroker.com is to pay the closing high bid or "own it now" fee, and a $4.95 shipping fee for each and every certificate won.
All documents will be shipped via certified mail or in a package with a tracking label.
The bidder will not be charged any transfer fees; however bidder may have to pay transfer or recording fee to county or municipalities to complete transfer. To have us take care of transfer click here.
In the event that TheTaxLienBroker.com does not receive payment from Bidder/Buyer within five (5) business day after conclusion of auction or "own it Now" the Bidder/Buyer agrees to pay to TheTaxLienBrokers.com a Default Penalty equivalent to 9% of the winning auction closing price as if the tax lien/sale certificate were sold. TheTaxLienBrokers.com will then award the certificate to the next highest bidder.
Sellers fees:
Brokers fee
For each sale in an Auction or an "own it now", TheTaxLienBrokers.com shall deduct from the payments made to the seller a "brokers fee". The "Brokers fee" equal to a percentage of the auction or "own it now" closing price as set forth in the table below. All brokers' fees will be charged and shall be paid in U.S. dollars. The seller's broker's fee will be deducted from the Final Selling Price upon completion of the sale.
Final Selling Price
(per tax lien/sale certificate) |
Brokers fee
(% of Final Selling Price) |
| Less than $499 |
9% up to $40 |
| $500 to $999 |
8% up to $70 |
| $1,000 to $9,999 |
7% up to $650 |
| $10,000 to $49,000 |
6.5% up to $3,050 |
| $50,000 to $99,999 |
6.1% up to $5,800 |
| $100,000 and greater |
5.8% |
TheTaxLienBrokers.com will deduct this fee from the proceeds arising from the sale of your tax lien/sale certificate through TheTaxLienBrokers.com; if your tax lien/sale certificate in auction or "own it now" does not sell, you will not be assessed a brokers fee (unless the tax lien/sale certificate is subject to a Removal Penalty, as described below).
Posting Fees
TheTaxLienBrokers.com doesn't charge a posting fee for simple auction postings, however TheTaxLienBrokers.com will charge for auctions with reserve, or auction opening bid is higher then face value of tax lien/sale certificate including any additional fees related to tax lien/sale certificate such as premiums, municipal subsequent payments, recording and foreclosure fees, and for "own it now" postings
Fees are as follows:
Reserve Fee.
For each Auction posting with a Reserve Price, the seller agrees to pay to TheTaxLienBrokers.com a "reserve fee" based on the following reserve prices:
Pay a Reserve Fee equal to $25 for Auction posting with a reserve price less than $5,000.00
Pay a Reserve Fee equal to 0.5% of the Reserve Price for each Auction posting with a reserve price between $5,000.00 and $40,000.00
Pay a Reserve Price Fee equal to $200 for each Auction posting with a reserve price greater than $40,000.00
"Own it now" fee.
For each "own it now" posting, the seller agrees to pay to TheTaxLienBrokers.com a flat $50 "own it now fee".
High opening bid fee.
For each high opening bid where auction opening bid is higher then actual value of tax lien/sale certificate including any additional fees related to tax lien/sale certificate such as premiums, municipal subsequent payments, recording and foreclosure fees, the seller agrees to pay to TheTaxLienBrokers.com a "high opening bid fee" based on the following prices:
Pay a High opening bid fee of 1.50% on any amount exceeding the "actual value of certificate", seller will not pay posting fee on the amount that is less then the amount of the "high opening bid amount".
Other Fees and Penalties
Removal Penalty Prior to auction posting after approval. If, for any reason, the seller wants to withdraw a tax lien/sale after an approval by TheTaxLienBrokers.com but before auction or "own it now" posting was listed, the seller agrees to pay TheTaxLienBrokers.com a removal fee of $50.
Removal Penalty Prior to Auction or "own it now" Close. If, for any reason not previously approved by TheTaxLienBrokers.com, the seller withdraws a tax lien/sale certificate listed in a Auction or "own it now" posting from the TheTaxLienBrokers.com Site after the time of tax lien/sale certificate Posting but before the auction closes, the seller agrees to pay TheTaxLienBrokers.com a removal of 25% the greater of (*) the opening bid or (**) the highest bid submitted on the tax lien/sale certificate to the TheTaxLienBrokers.com site. If, for any reason prior to the auction close, TheTaxLienBrokers.com removes tax lien/sale certificate from an Auction or "own it now" posting due to the seller's violation of policies, the seller agrees to pay TheTaxLienBrokers.com the Removal Penalty Prior to Auction or "own it now" Close.
Post-Auction Delay Penalty. If, for any reason, after TheTaxLienBrokers.com has notified the Seller of receipt of full payment from the Buyer and at least two (2) business day after the close of an auction, the Seller either does not have their tax lien/sale certificate in a "ready" condition for shipping or delays the release of their tax lien/sale certificate to Bidder/Buyer, the Seller shall be responsible for full payment of any additional expenses incurred by the Bidder/Buyer and/or TheTaxLienBrokers.com due to Seller delay.TheTaxLienBrokers.com may assess the Post-Auction Delay Penalty at its discretion. These additional expenses will be deducted from the proceeds of sale after Buyer acceptance, but prior to transferring payment to the Seller.
Seller Default Penalty. If, for any reason, the seller fails to release tax lien/sale certificate sold in an auction or an "own it now" to the Bidder/Buyer, or if the seller is incapable of releasing the tax lien/sale certificate, the Seller agrees to pay to TheTaxLienBrokers.com a Default Penalty equivalent to 25% of the winning auction closing price as if the tax lien/sale certificate were sold, as well as any costs incurred by the buyer and validated by TheTaxLienBrokers.com.
TheTaxLienBroker.com reserves the right to change fees at any time and without any notice.
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