In the face of unpaid property taxes, the county government sometimes provides auction tax to the public as a step to reduce income. In the case of a tax lien auction, it is actually just a certificate of sale, not actual land or property.
The buyer of such a tax lien is basically borrowing money from the property owner to pay the tax. In return, the property owner must repay the buyer, the sum of all taxes and all fines and administrative costs. If you do not do this, you will allow the buyer to have the relevant contract and property.
The sale of tax liens refers to public auctions established in the form of auctions, and the county is opposed to charging debts owed to taxpayers. County organizes such auctions, usually once a year. In fact, the sales period between counties and counties is not the same. Basically, the buyer of a tax lien may reject the property if the above debt is not repaid at the agreed interest rate determined when it is sold within a specified period of time.
Unlike tax lien proof sales, if you purchase tax deed sales, you are not liable for any other liens, mortgages or trust deeds on the land. You purchase the lease to the property, which is completely free and without any other commitment.
You can contact the county for specific information and details about sales and properties. It is advisable to collect information on the types of sales you participate in, tax deeds, or tax liens/certificates sales, as these two sales differ in specific rules and guidelines. You may want to find out more about the method and time required to pay for and deliver your property. Obtaining guidance from legal lawyers and government agencies will be an advantage.
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Orignal From: Sales of tax liens
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