What is real estate tax sale

The premium paid by the successful bidder is kept on deposit with the municipality for up to five years.

what is real estate tax sale

April 30, 2014 at 8: A tax sale certificate validates the amount of unpaid taxes and assessments on the property described in the certificate. April 29, 2014 at 12: Second question: I have around 20K sitting in a useless bank account begging to earn something.

what is real estate tax sale

Hi Deb — great question. The purchaser also has the right to foreclose the tax lien and take title to the property if the lien is not paid.

what is real estate tax sale

We purchased a piece of property that was 3 years of taxes owed on it. I have a dumb question, if you pay the back taxes, and there is a three year wait after the date of the tax lien sale, do you pay the next two years taxes as well when they are due?

what is real estate tax sale

December 16, 2017 at 9: If you are interested in participating in a tax lien or tax deed sale, probably the fastest way to find a sale is to contact your county government's office for specific information and details about potential sales and the properties involved. A property-tax lien is a legal claim against a property for unpaid property taxes. I have no stomach for this sort of investing.

what is real estate tax sale

It has been very helpful. January 28, 2019 at 3: Partner Links. A month from my roommate that i got. I have a question.

Primer on Tax Sale Certificates

Thank you for writing such a brilliant post. Thanks for your article.

How to Buy Tax Sale Properties and when to Quiet Title

April 28, 2014 at 11: Similarly, LegalZoom does not guarantee the results or outcomes of the services rendered by our legal plan attorneys or attorney-assisted products. Melanie Haskins says: This website uses cookies to ensure you get the best experience on our website.