County Tax Foreclosures on GIS site

[Tyler Davis]

Hi all,

So I am on the Mecklenburg County (Charlotte, NC) Tax Foreclosures website and I see a property with an assessed value just over $300k with an amount due of about $80k.

Does anyone know if this means the property is under foreclosure or does it simply mean it has an amount due and it will go into foreclosure if it remains unpaid by a certain date?

Furthermore, does anyone use this resource in their deal searching and if so, I'd love to hear more about it.

Thank you!

Tyler Davis, New RE investor but looking to hit the ground running

[Tanner Dahl]

Quote from @Tyler Davis:

Hi all,

So I am on the Mecklenburg County (Charlotte, NC) Tax Foreclosures website and I see a property with an assessed value just over $300k with an amount due of about $80k.

Does anyone know if this means the property is under foreclosure or does it simply mean it has an amount due and it will go into foreclosure if it remains unpaid by a certain date?

Furthermore, does anyone use this resource in their deal searching and if so, I'd love to hear more about it.

Thank you!

Tyler Davis, New RE investor but looking to hit the ground running

Hey Tyler! I think it would be in pre-foreclosure if there is no attorney assigned. If an attorney is assigned to the property I believe the foreclosure process would be underway. Hopefully someone else can verify this. Either way there may be an opportunity to still purchase the property from the owner.

We get leads from this approach as well as driving for dollars, direct mail, cold calling/text county deeds and distressed property owners.