What are Tax Deed Foreclosure Sales?
Tax deed sales are a great way for investors to invest in real estate, often at a fraction of the full market value of a property. Tax deed auctions take place because a homeowner has failed to pay their property taxes. When this happens, the county will sell the property at a public auction in order to recoup the money lost on the unpaid taxes. The exciting thing about this sort of auction is that taxes represent only a small fraction of the value of a home, so when a property is sold for unpaid taxes it is sold for a very small percentage of its actual value.
