I’m in the early stages of research on tax deed investing in South Carolina, and hoping to get some clarity on the following questions:
- In the case of bidding at redeemable tax deed auctions (South Carolina), what happens to any "overbids" in both redeemed and non-redeemed properties? Do the investor or original owner have an opportunity to recoup these excess funds?
- Do bidders frequently bid around the amount of tax owed (the starting bid), or does it trend towards the perceived value of the property? (I assume this answer is intricately linked to the former question)
- Are damages incurred at the property during the redemption window the responsibility of the winning bidder or the original owner (i.e., does an investor need insurance on any winning bids)?
- Is the process to quiet a title cumbersome in a redeemable tax deed state (I assume less tricky than a tax lien state but more than a tax deed state)?
