Redeemable Tax Deed States

By dhinternational  /  August 6, 2014 / Comments Off on Redeemable Tax Deed States

Redeemable Tax Deed StatesHave you heard of a redeemable deed?  It is like regular tax deed but the difference is that the original homeowner can come back and redeem his property from the deed buyer.  The homeowner must pay the bid price together with the heavy penalty in order to redeem his property.  The bid price and penalty varies according to the tax deed states.

US have seven redeemable tax deed states but only two of them have high rates of return with short redemption periods.  Those states are Georgia and Texas.  These states also conduct tax sales more often compared to the others.  This makes them very profitable states to invest in.  Furthermore, the large counties on both conduct sales once a month.  If you plan on buying tax deed in any of these states, remember that you need to know what you’re doing before placing your bids.

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