Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Tax certificate Foreclosure Question about other liens and future taxes
So, I purchased several tax certificates in PG County MD last May and some didn't redeem by the 6 month deadline . A few properties are not worth foreclosing the certificate but a few are worth foreclosing. My question is about if liens and 2022/2023 taxes which are now due come out of my bid amount or due I have to pay those out of pocket?
Bid amount $6700
Certificate for 2021/2022 taxes $1,741 (I Paid this at the sale to buy the Tax certificate)
Taxes due for 2022/2023 $1300
Code enforcement lien $1500
So, do all those get deducted off my $6700 bid amount? Are 2022/2023 taxes prorated and paid out of the bid amount?
Thanks for any input.
Ray