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Updated almost 8 years ago,
Tax Deed - Land Available Lists
I've been researching tax deed auctions recently, and I've noticed that there is a minority of properties that come to auction that do not get claimed by the lien holder, nor any investors at auction.
These properties are then put into a category entitled "Lands Available", where they remain for a finite period of time (I think up to 7 years where I am from) with the city. After this period of time they are escheated.
Most of these properties have a tax bill way over what they are worth, which is why they were never bid on during auction.
Is there some sort of mechanism in place to try and negotiate more favorable rates with the local govt?
Does anyone have any experience in this?