Asked by: Abdelhak Espuenda
asked in category: General Last Updated: 22nd March, 2020

What is a county tax sale?

What is a county tax sale? A Tax Sale is a public auction of tax deeds and/or tax liens used to recover delinquent real property taxes. Why does a County sell tax-defaulted property? The primary purpose is to collect delinquent taxes.

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Similarly, it is asked, how does a county tax sale work?

In tax lien sales, the county government sells their right to the tax lien on the real estate property, allowing the buyer to bid on the tax debt for a favorable return on investment. In tax deed sales, the county government sells full ownership and possession rights of the property to the investor.

Furthermore, what is the difference between a tax lien sale and a tax deed sale? Tax Deed states auction off the real estate when property owners become delinquent. A Tax Lien state sells tax certificates to investors when homeowners become delinquent. Once the homeowner pays the taxes the investor is paid off their investment plus interest.

Also question is, what is a tax sale notice?

Also, the homeowner typically is entitled to some form of notice of the pending tax sale. Then, in some places, the county holds a public auction. Commonly, bidding begins at the amount that covers the delinquent taxes, interest, and related penalties that are owed to the taxing authority.

Can you buy property by paying back taxes?

When you buy a tax lien certificate, you're buying the right to receive a debt payment, not the deed to the house. The homeowner is still the legal owner of the home. If he does not pay the tax debt, then you can foreclose. But you cannot buy a tax lien, turn around and foreclose on the property the next day.

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