Tax Deeds Augusta, GA- anyone know how often they are redeemed?

[Amanda G.]

I'm planning to attend the tax deed auction next month. My bidding plans will be different depending on whether I guess that the deed will be redeemed or I'll end up with the property. (Please notice, I do say guess. I'm not expecting 100% accuracy)
Does anyone have any statistics on how often these deeds are redeemed? Either for Georgia overall or Augusta in particular?

[Kiet N.]

There is no guarantee and can't control which way the fall out will be. In my experience:

* The property is in run down, boarded up, abandon, etc... condition - Redemption chance is low.

* Property still have mortgage AND the bid is high enough, the bank will go after the overbid and forego the redemption.

* Occupied property has better chance for redemption.

Tax sale buyer should consider both exit strategies for either case.

Note: you can set the max bid for one particular property, but the auction crowd will determine the final price