Florida Tax Lien Certificates Didn't Redeem. Now What?

[Don Ferman]

Hello all,

April first has come and gone. I have nine 2016 certificates that are now redeemable. I am investing for the interest only. Should I wait for the next investor to complete a tax deed application? Wait for the owners to redeem? Fill out the tax deed applications myself? Or something else?

All of the properties do have some value. Some are mobile homes. Some are vacant lots. Though I do have enough cash to do so, I am out of state and not looking forward to paying the roll up and trying to sell the properties. 

I love reading these forums. This is my first investment in real estate and I would be happy to let you know what happens.

[Jose L Torres]

@Don Ferman you can now apply for a Tax Deed which will trigger a tax deed sale. The government will sell the property at public auction to the highest bidder. The starting bid is setup at whatever the value of the property taxes due plus interest accrued. You would have to bid on the auction in order to buy the property.

You can get more detail info on the County Tax Collector’s site for the county where the property is located.