Find Good Properties at Tax Deed Auctions

By dhinternational  /  October 4, 2013 / Comments Off on Find Good Properties at Tax Deed Auctions

Find Good Properties at Tax Deed AuctionsThe bidding process for tax deed auctions are determined by the local regulations of the county.  Some counties are going to require the minimum bids at the auction, starting on the property’s appraised value.  Other counties however, utilize the taxes owed by the homeowner as the minimum starting bid.

The very interesting part in a tax deed auction happens when a property doesn’t sell at the initial sale.  Some counties allow the selling of those properties with no minimum bids, and no matter how much was owed.  You would be even surprised to find $63 tax deeds in this type of deal.  It does not happen every day but it is really possible.

Now, maybe you are wondering where to find these types of wonderful deals.  Just simply call the office of the county treasurer or tax collector, and ask for its procedures.  You can also ask them about the properties that are not immediately sold at the initial auction.  Do due diligence on these properties and soon you’ll earn nice profits.

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