Posted: Mon Jan 29, 2007 8:08 am Post subject: Tax Deed Auctions
How do I obtain a list of homes for sale through tax deed auctions and who can I seek help from for the legalities?
I just graduated from college and moved to the east coast to look for employment in my chosen field but I want to buy a home for myself & 3 children and am not a viable candidate for a mortgage lender at this time or don't think I'm in a position to pay a mortgage at this time & heard some people discussing buying a home this way. I didn't know this was an option and just want to explore it a little more. Any information would be greatly appreciated.
It is a good option as property values are considerably less than normally available but you need to be aware of all the legal factors before attending any such auction.
The list of homes on tax deed sale is available at the office of the tax collector.
You can also enquire at the office of the clerk of circuit court which advertises the property 30 days prior to the final auction of the property. _________________ Procrastination is the enemy of your financial sucess
Posted: Tue Jan 30, 2007 3:37 am Post subject: RE: how to find tax deed sale properties
Hi s_arbogast,
Welcome to our forums.
You may contact the office of the county government and get a list of tax sales. From there you will be able to find sellers who want to sell their liens or deeds before the auction. You may also get an old tax sale list and contact new owners of the deed to find out if they are interested to resell their properties.
You should research the property so that you can minimize the risks involved in the sale. Also research the value of the property, the current title and check if there is any judgment or lien or trust deed against the property.
I think there are some guidelines to be followed and these vary from one county to another. Also you must check out if your state actually allows for tax deed sale. There are some states that do not allow for such a sale.
For any information on Tax deed sale , refer to our section on this topic.
be careful and do your due diligence in checking for clear title . I just purchased a property and got a great deal but I did my research. It helps that I'm a Real estate broker and investor.
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s_arbogast
