Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

362
Posts
221
Votes
Ray Slack
  • Investor
  • White Haven PA
221
Votes |
362
Posts

Tax certificate Foreclosure Question about other liens and future taxes

Ray Slack
  • Investor
  • White Haven PA
Posted

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

Loading replies...