Tax Lien or Deed Certificates

Wednesday, February 28, 2007

Florida

Here is the information that I know about purchasing in the state of Florida as well as the listing of the counties that I have found.

Brevard
Clay

Miami Dade
Polk
Volusia
Walton

Tax Deed Certificates

On this post, we address the issue of tax deed certificates.

In a tax deed state, the investor actually acquires the title to the property. There is no interest rate or redemption period involved sicne the investor receives the property itself.

The following states are tax deed states:

Alaska

Arkansas

California

Idaho

Kansas

Maine

Michigan

Minnesota

Nevada

New Hampshire

New Mexico

New York (also allowed to conduct tax lien sales)

North Carolina

Ohio (historically a deed state but counties with population over 200K are also allowed to conduct lien sales)

Oregon

Pennsylvania (counties may also operate under the hybrid system where the property is improved and has been legally occupied 90 days prior to the sale)

Utah

Virginia

Washington

Wisconsin

Tax Lien Certificates

In this section, we will address the issue of tax lien certificates. With a tax lien certificate, the investor only has a lien on the property and does not have any other rights in, or title to, the property. The investor receives a statutory interest rate until the property tax is received. The property owner has a statutory redemption period within which he or she must pay the tax bill. This period generally ranges from six months to four years. About one-half of the states are lien states.


The states are as follows:


Alabama


Arizona


Colorodo


District of Columbia


Florida


Illinois


Indiana


Iowa


Kentucky


Maryland


Mississippi


Missouri


Montana


Nebraska


New Jersey


North Dakota


Ohio (Ohio is historically a deed state, however, counties with populations over 200,000 are allowed to conduct lien sales.)


Oklahoma


South Carolina


South Dakota


Vermont


West Virginia


Wyoming


Welcome.

Hello and welcome to my blog on everything that I know about tax liens and tax deed certificates. Now that you have found my blog, you no longer need to pay money for one of those courses that train you how to purchase the deeds and liens.

I will not only share with you all of the notes that I have taken from various on- and off-line sources, but I will even give you all of the links that I have uncovered. And, of course, you may feel free to share any of yours.