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Updated almost 4 years ago on . Most recent reply

Adam Guard's profile image
Adam Guard's profile image
Adam Guard
  • Flipper/Rehabber
  • from Atlanta, GA
  • Member since Dec 13, 2019
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Adam Guard's profile image
Adam Guard's profile image
Adam Guard
  • Flipper/Rehabber
  • from Atlanta, GA
  • Member since Dec 13, 2019
Connect
Adam Guard
  • Flipper/Rehabber
  • Atlanta, GA
3
Votes |
19
Posts
Foreclosures

Just attended my first tax sale auction

Adam Guard
  • Flipper/Rehabber
  • Atlanta, GA
Posted

So this week I attended a tax sale auciton. It was exciting but I was not prepared to buy, just wanted to sit in and learn. These houses were going for so cheap...Do you get possession right away?! 

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Matthew Paul's profile image
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Matthew Paul
  • #2 Contractors Contributor
  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul's profile image
Matthew Paul's profile image
Matthew Paul
  • #2 Contractors Contributor
  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,479
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6,896
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

You are not buying the property , you are paying the taxes and now have a right to collect those taxes from the owner plus interest . If they pay you made money , if they dont you file to take the house . 

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