if a property doesnt sell at a tax sale, where is it held by the county? where / how can i buy that property?

In Buying Property - Asked by andrew w. - Feb 10, 2010
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Answer(s)

M L.
Owner/Investor
Landford, IL

It depends on which state and which county.

Feb 11, 2010
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Larry F.
Owner/Investor
Melbourne, FL

Here in Palm Beach County, FL, the sale is a result of a tax certificate holder (who already paid the County their past due taxes) applying for a tax deed after the prescribed holding perior, so if no one bids it up at the sale, it goes to the tax certificate holder.

Feb 11, 2010
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Lou A.
Corporate Investor
Northlake, IL

In tax lien states, you can buy the certificate from the county perhaps... And then, try to foreclose on the lien as per the statutory procedure and redemption period(s).
In tax deed states you can buy the deed from the county.
If you have never done it before, contact a knowledgeable tax deed attorney practicing in your state. The law is state-specific and very technical - make sure you know what you are doing (or your attorney knows what he/she is doing).

Feb 26, 2010
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Gregory G.
Broker/Agent
San Francisco, CA

Which county?
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)968-6065
gregory.garver@gmail.com

Feb 26, 2010
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