Florida tax liens

[Rachelle Seaton]

I found some properties in Florida that are on tax lien sales tha I would be interested in... But when I checked they also owe several years of back taxes. The tax lien sale is only for the past year.  How does that work???

[Charlie Vess]

Welcome to BP Rachelle! Great catch (n question) in reviewing the properties. Looking at the past taxes owed or lack thereof is one of the points that weighs in my decision to purchase the tax lien. With prior tax liens, the owner, developer and/or fam members who inherited the prop will either have to pay ALL prior taxes owed plus the interest or will let the property be acquired by the tax lien investor through the redemption. Where does that put you as an investor? If you are the 2nd or later TL position holder, you will have to wait two years before exercising redemption or wait for the 1st lien investor or those before you to start redemption process. The County will then determine the total cost to make everyone whole. Hopefully this helps. Best! Charlie