What are tax deed sales?
How do they work? How do they save me money? If you are interested in getting into the real estate industry, you may want to get involved with tax deed sales. Many people stray away from tax deed sales because they are not familiar with the details that go along with them. And generally speaking, when you do not know the details of something you will probably stay away; especially when your hard earned money is concerned. But the fact of the matter is that tax deed sales are not that difficult to understand. The first thing you need to know about tax deed sales is what they are. The basic definition is a forced sale that is conducted by a governmental agency because the owner of a home failed to pay his or her taxes. This is one of the best ways for government agencies to collect delinquent taxes. The first step that goes into tax deed sales is the home being taken back by the government agency. Each home owner is given a specific period of time in which they can pay their taxes. If th
A tax deed sale is held to recover past-due taxes on a property. Usually, a sale is not completed until the past-due taxes have been unrecoverable for at least 22 months. A county’s deputy clerk or clerk of the circuit court conducts the sale of tax deeds. Up until the winner of an auction renders payment for the tax deed auction, the actual owner may make payment and regain their property.
