What are the Tax Deeds or Tax Liens Sales?
Tax Deeds Sales (or Tax Liens Sales) are public auctions that the local governments (usually, counties) use to handle delinquent property taxes. Every real estate property owner is under the law of paying property taxes. Property taxes are collected twice a year by local taxing district (county). If property taxes are not collected, local governments do not have enough resources to budget and properly function. For every taxing district the collection of real estate property taxes is the major source of cash to provide government services (law enforcement, fire, road repairing, etc.). To secure that unpaid property taxes will be collected, the county records a tax lien on the property with delinquent property taxes. Then the county sells tax liens to the investors. If the state regulates the tax lien sales as the deeds sales, Tax Deeds are issued to the investors. As the result of a tax lien sale, the county receives immediate cash, is able to function and provide services, and the inv
