Tax Deed Sales Bargains

Tax deed sales are the way to real estate bargains that just keep coming. Public auction of tax deeds include residential land, expensive homes, condos, and even raw undeveloped land. These present a great opportunity for those who are looking to buy high value lands for affordable prices.

It must be clarified first that tax deed sales aren’t bank foreclosures as others have thought so. These are government foreclosures done by the county as an outcome of the homeowners’ failure to pay their dues in a timely manner. In government foreclosures, a few hundred dollars is only owed which you can invest easily, unlike in banks wherein thousands are being owed.

The delinquent homeowners is given a period of time to redeem their properties. This is called the redemption period. They have a chance to get back their homes by paying the back taxes plus interest and other fees. If they fail to do so, the investor of the property can foreclose it thus owning the tax deed or have the right to sell for huge profits and bargains.

Be Sociable, Share!

• 
•