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Kindle Notes & Highlights
A current buyer’s list can be picked up at the registration table on Tax Lien Sale day.
All premium bids are made at INVESTOR’S EXPENSE and ABSOLUTELY NO INTEREST IS EARNED on them, nor is this amount refunded when the property is redeemed.
Tax lien certificates on properties with delinquent taxes are sold on or before June 1 of each year.
A tax deed is a deed to a property issued by the government. It wipes out the title of the former owner and the interest of his mortgage holder.
Any time after two years have elapsed since April 1 of the year you were issued your tax lien certificate, you can file the certificate along with $75 and an application for a tax deed.
When you apply for a tax deed, you must be prepared to pay in more than just your tax lien certificate.
The sale process ends with the issuance of a tax deed. Although this deed extinguishes the interest of the former owner and his mortgage holder, restrictive covenants running with the land are not extinguished. Occasionally, these can be bothersome, so it is worthwhile knowing the state of the title.
After the sale, the former owner may challenge the sale on a variety of grounds, including assertions that the procedures were not proper or that the taxes had been paid. You may bring a suit to quiet title or foreclose in order to head off any such challenges.
An important point that MUST NOT BE OVERLOOKED by the purchaser at a tax sale is that OTHER TAXES might be unpaid.
We always recommend that anyone contemplating purchasing at a tax sale consult an attorney, assure oneself that the title is good,
