Has any one ever bought property at a county tax sale?

Answer 1

regerugged is right, there are a lot of things that you're going to need to consider. Make certain that you see that title report! I'd actually suggest going to a title company as opposed to an attorney, but that's probably dependent on what's prevalent in your area. Another thing to consider on these sales, is that normally you must have the money right then. It's not a situation of "ooh, I won this auction, now I can go get a loan". Again, that's probably dependent on your local laws. Good luck, I hope this works out for you.

Answer 2

specific, yet i do no longer purchase to finally end up with the valuables basically the 24% interest i'm at present making. interior the previous redemption has been virtually one hundred% with the ocassional exception of an elder individual and that i've got a coupe of those I even have permit bypass on for years. you like instant capital and you are able to desire to first attend this upcoming public sale and spot the way it somewhat works. super agencies are available and purchase out extensive blocks anymore so it somewhat is getting extra reliable for the guy to win the everyday public sale. In my area the guy has from 2 - 3 years to redeem. to guard ones interest you purchase up the subsequent years tax expenditures and would accomplish that by potential of only paying the previous due bill on the valuables and it in no way is going lower back to public sale. desire this helps basically a sprint. yet do bypass to the 1st one and bypass away your money residing house. I additionally suspect that for here few years we can see no longer something yet defaults and few redemptions and the clarification I in all probability won't participate interior the auctions this 12 months.

Answer 3

Yes. I don't recommend it. If taxes are unpaid, there are likely to be unpaid liens. You would have to have a good real estate attorney do a title search to find out what is owed to whom before making an offer.
If back taxes are owed and there is a mortgage, the lienholder is obligated to bid at least the amount of the lien. If you want to buy, you have to consider all of what is owed, not just unpaid taxes.