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Updated over 7 years ago,
Florida Tax Certificate maturation then deed sale...
Howdy! I'm interested in investing in Florida Tax Certificates. I understand that two years after the tax year, if they haven't been redeemed, you can apply for the tax deed sale.
I also understand that the certificate holder has no priority in the tax deed sale, but rather the buyer of the deed is responsible for paying all costs to redeem all certificates outstanding on the property.
What I DON'T understand is what happens if there is no buyer at the tax deed sale. Does the certificate holder then receive the deed to the property? And if so, what happens to other outstanding tax liens?
For instance, if I hold the lien for 2014, force the sale in 2017, and no one bids, do I receive the deed? What happens to certificate holders for 2015 and 2016?
Thanks for any insight!
Connor :)