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Updated over 14 years ago on . Most recent reply

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35
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Kevin Smith
  • St Petersburg, FL
4
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35
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florida tax deed auctions

Kevin Smith
  • St Petersburg, FL
Posted

Hello all, I recently attended my first tax deed auction here in pinellas county fla, and I was wondering if anyone here knows the process as far as obtaining clear title for resell. Thanks in advance.

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G.D. Haizlip
  • Atlanta, GA
30
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132
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G.D. Haizlip
  • Atlanta, GA
Replied

Hello Jawsette,

I will try to keep it brief and simple so as to not make it sound any more complicated than it appears. I am not sure what your goal is, but most people tend to want to Buy a Property at a Substantial Discount/Low-Price.

Overview of Florida Delinquent Real Estate Tax Sales:

Florida has 67 Counties; All are required by Statute/Law to conduct the Tax Lien Certificate Sale which is usually held in the month of February. Some sales are conducted at the Courthouse or a Designated Room/Location. Some on the other hand are conducted Online. Finally, you can also acquire Tax Lien Certificates Over the Counter after the initial Tax Lien Certificate Sale.

The Initial Sale in which Tax Lien Certificates are bidded-on have a (2) Year Redemption Period. After the two years Investors may Apply for A Deed to those properties. If so, a Tax Deed Sale is scheduled, which is also a Public Auction, after the appropriate steps have been taken. As such, if you attended this sale, then it was, in fact, a Tax Deed Auction. If successful, you are granted a Deed to the Property which brings me to your question.

"FREE & CLEAR TITLE". You can clear title via "Quiet Title" -- a process that is usually handled by an Attorney-at-Law that is familiar with the process. This clears the way for you to Market the Property for resell. Also, you may want to look into Marketing the Property with a disclaimer such as: "Property Acquired at Tax Deed Sale, Buyer Must Quiet Title."---Only a Suggestion.

Hope this Helps you---Keep Learning and follow-up on some of the suggestions already submitted (here on BiggerPockets) to your response as well.

Much Success to you!

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