Tax Deed Sales Throughout The USA - Owning the Deed is the Goal!

To answer this question we have to make a distinction between a Tax Lien sale and a Tax Deed sale. Tax Liens and Tax Deeds are distinctly different in the Tax Lien and Tax Deed process, and should not be confused. The following definitions and explanations of each should clear up the confusion often associated with them. It is important to comprehend the process to clearly understand how a Tax Deed is finally issued, for it is the Tax Deed that you, as an investor, will be seeking at the auction. It is the Tax Deed that gives you title to the property – not the Tax Lien. With Tax Deed investing “Owning the Deed” – is the goal.

A Tax Lien is a claim against assets filed by a taxing authority against property of a person who owes back taxes. A tax lien sale is the sale conducted by a governmental agency, of tax liens for delinquent taxes on real estate. A Tax Deed is an instrument of conveyance used to convey title to a property sold by the government to a third party because of non-payment or arrears of ad-valorem property taxes.

A Tax Deed sale is the forced sale, conducted by a government agency, of real estate for non-payment of taxes. Sale upon notice to the public and in which members of the public may bid, or an auction sale of property with notice to the general public. Usually after foreclosure, the property is advertised in the local newspaper in advance. The property is then auctioned off on the courthouse steps, or in a local government room, to the highest bidder – this is known as a “Tax Deed Sale”.

A Tax Deed can be issued on raw land, agricultural land, commercial property, single family residences and homes, condos, and developed lots. You can buy and sell Tax Deed properties as a means of support, as an investment to resell at a profit, or as an owner-financier, you can sell to a buyer for a monthly return, also at a profit.People can, and do, become millionaires from working Tax Deed Sales if they make the effort; investing time and money in Tax Deed Sales proves to be very profitable if they persist at it and if they work smart. Through Tax Deed Sales, the Tax Deed investor can snatch the property from the Tax Lien investor at public auction and then have an extremely valuable asset in their grasp for the future.

Here is a video that gives you a peak into the differing ways you can make money with this niche real estate market.

Tagged as: A Newbie asks, tax deed sale, tax lien sale

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