Tennessee State Foreclosure Question

[Michael Uden]

Hi everyone,

I'm just reaching out to see if there are any TN real estate professionals that know the length of time a property can be delinquent on taxes before the state steps in to begin the foreclosure process.  I'm asking specifically for land lords that are only late on taxes but not in foreclosure yet.  I heard states are all different.

Thanks for any help!

Michael

[Roger Poulin]

It is not generally referred to as a foreclosure, but a Tax Sale. The process starts when they are 2 years delinquent, but it usually 3-4 years before the auction actually happen.  There are notification requirements, that can drag out a long time. After the auction there is also a 1 year right of redemption. 

All states have their own rules. Returns can be much higher in your home state of Georgia.

Why do you ask?