Tax Deed Sales
Tax Deed Sales
To answer this question we have to make a distinction between Tax Lien Sales and Tax Deed Sales.
Tax Liens and Tax Deeds are distinctly different in the Tax Lien sale and Tax Deed sales process, and should not be confused.
The following definitions and explanations of each should clear up the confusion often associated with tax deed sales.
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 auctions called Tax Deed sales.
It is the Tax Deed that gives you title to the property – not the Tax Lien. With Tax Deed sales 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. Public sales or Tax Deed sales are 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 at tax deed sales by the government to a third party because of non-payment or arrears of ad-valorem property taxes.
Put more simply, Tax Deed sales are forced sales at Tax Deed sales auctions, 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 at Tax Deed sales, or an auction sales of property with notice to the general public.
After foreclosure the property is advertised in the local newspaper in advance – usually four weeks prior.
The property is then auctioned off at Tax Deed sales on the courthouse steps, or in a local government room, to the highest bidder – this is commonly 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 through Tax Deed sales.
Tax Deed Sales – U.S.A. Tax Deed Sale.
Your comments are welcome regarding tax deed sales.
