Tax Liens/Tax Deeds

[Sharon Clarke]

Where can I find a company that sells expiring tax deeds?

[Berdens Julceus]

I've been doing a little research on this as well. Basically there's two phases regarding tax deeds.

Phase 1: A property owner fails to pay the property tax to there county. To recoup the unpaid taxes, the county issues a tax certificate. Similar to a bond, the certificate entitles the owner to the face value of the certificate plus interest. In Palm Beach county Florida, where I reside, tax certificate sales are held once a year.

Phase 2: After two years, the owner of the tax certificate is able to apply for a tax deed sale. A tax deed will for the property will be auction off to the highest bidder to cover the tax certificate.

All the information regarding tax deeds are generally located on county website. The tax certificate and tax deed sales are held by the county where the property tax is due.

This is the information I've learned so far. Tax deeds can be very profitable. However, it is imperative that you do your research before participating in a tax deed sale. There's risk that the property may have a lien or outstanding judgments or foreclosures.

So in short the answer to your question is to Google your county's tax deed sales department.