Tips To Do Once You Get The Tax Deed

By dhinternational  /  March 3, 2011 / Comments Off on Tips To Do Once You Get The Tax Deed

Tax Deed Property InsuranceThe very first thing you must do once you get the tax deed is to insure the property so if ever something happens, you will never lose your investment.

Next, you have to know what you plan to do with the property and evaluate each of your choices properly.

Here are some top tips to do once you get the tax deed:

1.) Sell the property
2.) Have the property rented
3.) Contract Sale
4.) Trade the property
5.) Live in your property
6.) Donate the property

So if you plan to have the property sold, decide which type of sale you want. The most common type is the conventional sale wherein the buyer gets their own mortgage.

Usually, properties that are sold in tax sales are from lower income neighborhoods so you have to choose wisely.

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