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Updated over 7 years ago,
Atlanta Area Tax Liens
I have done a fair amount of research on Tax (lien/deed) sales especially here in the Atlanta area (Fulton Co). My target is the outer counties (Coweta, Carroll, Forsyth, Cobb, Paulding) I attended the Coweta County sale for October and many of the properties went for near retail on say a $4k starting bid. The only properties that went for minimum bid were of very little value.
After reading some older discussions on BP--it seems like I am missing some fundamental information.
If a property can't be redeemed for over a year-- I assume it is it legally impossible for someone to enter into a sale of the property while there is a tax lien (hybrid deed) on it? Also, what happens to the overage?
Finally, if bid's are competitive on properties with no mortgage--is there value in approaching an owner to close immediately prior to sale?
Regards, Tony