All Forum Posts by: Vitali Intsevich

Hi All, who are interested in tax sales auctions. I am a newbie and have couple question regarding auction and I couldn't find answer online.

Baseline: Georgia, Gwinnett county. Redeemable deed (1year) with 20% premium.

Given: For example, in past auction 1 property was due $5k taxes and bidder won with bid $20k. Now I see that county posted list of exceeded funds and for this property there is $20k-$5k= $15k remaining balance and bidder can claim. I thought you will put on table whole bid and wait 1 year to redeem for whole bid amount + 20%. This is not one case, I found a lot of properties like that in past auctions.

Question: Is that right? Because you have more money than others  to bid and freeze now - you won, but rest of funds you can claim back later.

I am glad to say that I've updated the list. Please find updated version in the same place: https://docs.google.com/spread...

Let me know if you have any questions/proposals.

Joseph Firmin, thanks, let me know if you need any additional details.

Justin Miles, yes, you are right. It based on information that provided by County. I will be there on the next week.

Sam Bagwell, you are absolutely right, this is DEED not LIENS, my fault, but I can't update my original post.

Hello everyone! I am new in BP and really inspired of amount of information that being posted here. Right now I am moving to Georgia and looking for opportunity to start there in real estate investing. I was very inspired by thread: How to buy a tax deed at the Fulton County Tax Sale, Atlanta, GA - Thanks to Dan Mahoney! He described a guide how to search deed sales in Fulton County in Georgia. Since I have experience in IT - I automated all these steps and combine in one Excel file. Please find it here: https://docs.google.com/spread...

Any feedback is really appreciated. I am looking forward for any suggestions, ideas and improvement. What kind on information do you need and do you actually need such report or it's a waste of time. I would like to contribute to community of investors in Georgia.