All Forum Posts by: Camille K.

Thank you

@Kevin Nichols

Interesting; so it appears quiet title action is the best answer to eliminating a 10 year waiting period to acquire tax-sale property title.  And I'm thinking quiet title would be after the one year redemption period has lapsed.  

I'm not sure if death/estate is a consideration for any of the properties I'm reviewing; however, even if it is, I'm understanding from your instruction there is no financial loss for me; and if an heir later becomes known, the gain would be interest.  

I'll admit I had to read your lesson several times to absorb it.  Wow - much to learn; it's like eating an elephant one bite at a time!

@Kevin Nichols

Ahhhh - so between the possibility of the lienholder stepping forward to pay the taxes coupled with the delinquent parcel owner having a year after auction to resolve, that's what you meant by "bidders may still not get the properties".  

You have absolutely calmed my anxiety to know tax liens supersede any prior liens - one big relief for me!  Learning all the time - your assistance and knowledge are invaluable.  Thanks for being so awesome!

@Kevin Nichols

I've been doing due diligence to the extent of my virgin knowledge to review the county's deed records, liens, etc on the properties of my interest.  It all seems risky when there are Federal and State liens as well as private mortgages with the vacant land as collateral - trying to tread carefully.  

I do believe much of what I'm eyeing will be eliminated from the auction process for those reasons; namely, the lienholder will step up and resolve the tax lien issue before the auction.  

Again, thank you for sharing your expertise and openness.  Best, Camille 

@Kevin Nichols

Very interesting experience; thank you for sharing.  

Are you in a position to share your opinion on my theory of not bidding more than 12% of market value on vacant land?  I don't want to become an emotional bidder first time out-of-the-gate and am trying to set parameters for myself.

@Kevin Nichols

Wow, thanks Kevin - you're light years ahead of me and my goal is to work my way to your level.  I'm targeting vacant lot properties near where I leave to make the initiation process friendly to my comfort level.  Even not winning any bids will be an education by presence and observation.  

You mentioned the bidding process is fast; what are the bid increments standard...thinking $1,000???  My fear is bidding on the wrong property; so I'm preparing a list similar to yours however, not as detailed.  Can I bring my pc into the Auction Room or do you print your Excel spreadsheet for hand entered notes?  Much of what I don't know will be answered shortly at the auction, I'm sure.

Thank you again & best of luck in your future endeavors.  Camille 

@Wil Reichard

You're amazing; thank you for taking the time to respond to this novice...I've much to learn and your input gives me the confidence to move forward. Best of the holidays; thanks again.  Camille

This will be my first tax lien auction ever.  Anyone ever attend one of these in Spartanburg, SC?  

Are bidders of this location predominantly looking for the interest return or to acquire property not redeemed?  

Is this area known for competition to purposely bid up the price?  What are the increments of the bidding?

Also, this county requires bidder to pay by cash, cashier's check, certified check or money order by end of the sale.  I'm not a cash-carrying bidder; therefore, how to prepare ahead of time with the other methods of payment if no exact amount is known escapes me. If I'm not the highest bidder and no transaction takes place can a certified check be reversed by the bank?  What do other bidders do?

Last big question, how to know if the property owner paid the taxes before the auction; don't want to waste my time with all of the above and find out my interests have been eliminated!

Thank you to anyone who cares to share.  Happy Thanksgiving Holiday to all.