NewB Tax Deed Sale ? - Palm Beach County, Florida

[Andrew Goldin]

Hey everyone,

My parents currently have there home up for sale and we were thinking of trying to get their next home in a tax deed sale. We live in palm beach county and we're looking at a house in an upcoming tax deed auction online. My understanding of tax deed sales is that once you pay the back taxes on the property, you own it and all tax liens disappear. However, on the palm beach county website it says it can be complicated and some tax lien's may still effective even after the tax deed sale.

So, I understand HOA fee's are often one of the tax lien's that can remain effective. Are there any others that are common? What is the best way to prepare oneself for the extra lien's that may be on the property? Is it possible to walk into a tax deed sale and know beforehand all the extra lien's that will be on the property, or is there generally always an element of surprise?

Also, is it possible to get financing for a tax deed sale from a bank?

Thanks for your help guys!

[Wayne Brooks]

I know the PB county tax deed sales.  Make sure you're not confusing tax Certificates, and the Tax Deed auction, I assume you really do mean Tax Deeds, as the certificates sold a couple of weeks ago.

Yes, there can be liens, and property taxes still owed on the property.  You'd need a title search.  No, there's no way top finance the actual purchase at the auction.  5% must be in the account the day before the auction, full balance 2:00pm the next day.  You don't get clear, or financeable, title.  You have to do a quiet title process, 4-6 months, about $2,000,  before getting clear title, if you prevail.  The auctions are quite competitive, there's no "just paying the taxes", the prices get bid up pretty high.  It's easy to look at the past bidding.  I'm going through the July list now.