Online Tax Liens

[Jose Garcia]

Has anyone successfully purchased Tax Liens online?

[David Mitzan]

Not a problem. Contingent on the State as well as county, I can explain quickly. Tax deed is when you actually bid on the deed of property. If you are the high bidder, you get the deed. You do not get clean title. A quit title suit as to be done and or hold onto that property for up to 4 years before you can get clean title and is insurable.

A tax certificate is paying for the property taxes for the prior year. Tax certificates pay an interest rate. You start off on a fix price the state offers. Fl is 18% for example. If many bidders want that specific certificate, you bid down the interest. There is a hold time on certificates.

After the hold time, since there are alot variables, you bring it to the county. The county has to notify all people that have an interest on that property. Banks included if there is a note on the property. Municipal and federal liens stay on the deed. This will consist of certified letters and advertising in the local newspaper. typically 2 weeks before a sale. I hope that helps.