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Updated over 1 year ago, 08/23/2023
Which Tax Lien States are BOTH Interest Rate Bid Down AND No Foreclosure Required?
I like the fact that Arizona is an interest rate bid down state. However, in my experience, as soon as the deadbeat owners of the worthwhile houses receives the 30 day notice of intent to foreclose, they redeem their property. I don't like that.
I like the fact that in South Carolina, if I understand that state correctly, you don't need to send the owners a notice of intent to foreclose. After one year (I believe) goes by without redemption, the treasurer sends you a tax deed. However, I don't like the fact that you have to bid up the purchase price.
Which Tax Lien States, if any, are BOTH Interest Rate Bid Down AND No Foreclosure Required?