Tax Lien Sale
Purpose of Tax Lien Sale
All property (real) taxes must be collected in order to meet the budget of all certified taxing authorities. Therefore, an annual Tax Lien Sale is held to collect the unpaid taxes. These taxes are purchased by investors who, in turn, earn interest on the tax liens against these properties. The amount of the individual tax lien(s) purchased includes the amount of tax, delinquent interest (November), advertising and certificate fee.
Three years following the date of Tax Lien Sale, an application for a Treasurer's Deed may be accepted from the tax lien holder if
Element of Risk
It is important to remember the element of risk involved in the purchase of tax liens. The purchase of tax sale liens of properties under the control of the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC) and those affected by the Drug Enforcement Administration (DEA) or property owner bankruptcy could possibly result in the loss of interest as could