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Updated almost 7 years ago,

User Stats

7
Posts
6
Votes
Dan Bayard
  • West Palm Beach, FL
6
Votes |
7
Posts

Tax Lien Certificates being sent to tax deed auction by county

Dan Bayard
  • West Palm Beach, FL
Posted

I have a tax lien certificate in Palm Beach County Florida. I purchased the certificate in 2012 and had the 3rd certificate on the property at the time. The next 3 certificates went to the county. In 2015, the county applied for the tax deed and since then there has been no movement through the tax deed process.

I have called the county and they say they do not know when the Clerk of Courts will schedule the property for auction. My contingency plan was that the 2 people who hold the liens ahead of me would take some action to speed up the process, but as it stands, the owner of the 2010 lien appears to have done nothing and the owner of the 2011 lien has until June 2018 to do something.

My questions are the following:

1. What is the process when a tax lien certificate is applied for tax deed auction by the county?

2. Do the tax lien certificates owned by us individuals freeze until the auction date, and by freeze I mean do they not expire?

3. Should I be prepared in 2019 to pay for all the outstanding liens against the property to ensure that I don't lose my investment? (Note the county did not actually pay off ours liens, we have simply gone into limbo and the county only  had to pay the application fees to the Clerk)

Any help on this one would be greatly appreciated.

Thanks