What is the difference between a tax lien certificate sale/auction and a tax foreclosure auction?
A tax lien certificate sale/auction is a sale of only the taxable lien against the property, where you purchase just the value of the lien. A tax foreclosure auction is a sale of the real property, where the county has completed a legal foreclosure proceeding against the delinquent owner and has received title to the real property from the court. In a tax foreclosure auction you will receive a deed giving you title to the real property. What does the term “assessed value” or “assessment” mean in the auction brochure? Answer: Assessed Value and Assessment relate to the value that the local assessor has placed on the property for taxable purposes. When can I move into and/or start work on the property? Answer: Legally you do not own the property until the deed has been recorded in the county clerk’s office, in the respective county. Who is responsible for the eviction of eviction of any delinquent owners or tenants? Answer: Most municipalities do not evict delinquent owners or tenants fr
