Types of Tax Sales
Tax Lien:
This is a legal claim placed on the property for which you can buy a Tax Lien Certificate.
Tax Deed:
In this case, you bid on the actual property itself.
Redeemable Deed:
You bid on the property but the original owner retains the right to reclaim it within a specific period.
Advantages of Tax Sales
The property often has equity.
You can acquire a mortgage-free property.
You can acquire a mortgage-free property.
You can acquire a mortgage-free property.
You can acquire a mortgage-free property.
You can acquire a mortgage-free property.
Easy way to increase your net worth.
No license is needed to participate in the sale.
No license is needed to participate in the sale.
No license is needed to participate in the sale.
No license is needed to participate in the sale.
No license is needed to participate in the sale.
Drawbacks of Tax Sales
Other liens may not be lifted from the property.
Other liens may not be lifted from the property.
Other liens may not be lifted from the property.
The lien may be paid off before the sale occurs.
Other liens may not be lifted from the property.
Other liens may not be lifted from the property.
The property may be occupied by the owner, a tenant, or a squatter.
Payments are immediately required after the sale or within a short time frame.
Payments are immediately required after the sale or within a short time frame.
Payments are immediately required after the sale or within a short time frame.
Payments are immediately required after the sale or within a short time frame.
Payments are immediately required after the sale or within a short time frame.