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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Realtor
  • Detroit, MI
104
Votes |
211
Posts

Tax Liens Dekalb and Cobb County

Account Closed
  • Realtor
  • Detroit, MI
Posted

I have recently acquired some information on multiple redeemable deeds in these counties. This seems like a very interesting form of investing. Does anyone have advice on how you obtain ownership after you pay the lien, how do you actually bear any interest in the property?

Most Popular Reply

User Stats

91
Posts
67
Votes
Kiet N.
  • Atlanta, GA
67
Votes |
91
Posts
Kiet N.
  • Atlanta, GA
Replied

GA is a "hybrid" tax deed state  - a tax deed with 12 months redeemable period system.  

The premium for redemption is 20% within the first 12 months. It jumps to 30% the day after.

After the 12 months, the new deed holder needs to file a barment - foreclosure of redemption - to take ownership of the property. 

@Account Closed your post hit all marks: lien, deed, interest (premium), ownership for one question of a complex system. A little break down would clarify the question  !   

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