Some States With Tax Deed Sales
If you are thinking of investing into tax deeds then you should know which State to look for. Not all States in the country conducts this type of auctions. Some conducts tax lien certificate sales and some states have both sales. As we all know, it is a public auction mandated by state statute, of properties with unpaid taxes and these are sold to the highest bidder which bidding amount consist of amount of delinquent taxes, interest charges and other related fees.
Below are some of the States that conducts Tax deed sales;
STATE OF OHIO
This is a hybrid state, conducting both tax lien and tax deed sale. Ohio is actually a good state for buying tax lien certificates but these are limited to the institutional investors as it auctions large lien packages. But only counties with population of at least 200,000 are able to have lien sale. Unlike tax deed sales which occurs throughout the state and opens for the general public.
STATE OF MAINE
Maine only conducts tax deed certificate sales and its redemption period varies according to each municipality or county. The terms of sale also varies.
STATE OF MICHIGAN
Michigan used to be a good state for tax liens until it stopped handling it. However, Michigan continues to conduct tax deed sales and redemption period is 2 years. During the auction, some counties require personal appearance while some holds online auction.
STATE OF NEWYORK
New York is another hybrid state. This state may not be usually known for tax lien sales but when it comes to the other sale, it is definitely one of the most popular. It has a 14% interest rate for those counties that have sales thought these lien certificates are not commonly sold to the public. It has a 1 year redemption period and both auctions hold competitive bidding being the highest bidder wins.
STATE OF NEW HAMPSHIRE
New Hampshire does not conduct tax lien sales but property owners are required to pay the county 18% interest for the tax lien to be erased or they may lose the property to foreclosure. The total redemption period is 5 years and also auction process is through competitive bidding.
Start enjoying the higher market returns, select a State and invest in Tax Deed today! Looking for additional information regarding tax deed or tax lien auctions? Visit this site http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1 for additional detail and information.
Below are some of the States that conducts Tax deed sales;
STATE OF OHIO
This is a hybrid state, conducting both tax lien and tax deed sale. Ohio is actually a good state for buying tax lien certificates but these are limited to the institutional investors as it auctions large lien packages. But only counties with population of at least 200,000 are able to have lien sale. Unlike tax deed sales which occurs throughout the state and opens for the general public.
STATE OF MAINE
Maine only conducts tax deed certificate sales and its redemption period varies according to each municipality or county. The terms of sale also varies.
STATE OF MICHIGAN
Michigan used to be a good state for tax liens until it stopped handling it. However, Michigan continues to conduct tax deed sales and redemption period is 2 years. During the auction, some counties require personal appearance while some holds online auction.
STATE OF NEWYORK
New York is another hybrid state. This state may not be usually known for tax lien sales but when it comes to the other sale, it is definitely one of the most popular. It has a 14% interest rate for those counties that have sales thought these lien certificates are not commonly sold to the public. It has a 1 year redemption period and both auctions hold competitive bidding being the highest bidder wins.
STATE OF NEW HAMPSHIRE
New Hampshire does not conduct tax lien sales but property owners are required to pay the county 18% interest for the tax lien to be erased or they may lose the property to foreclosure. The total redemption period is 5 years and also auction process is through competitive bidding.
Start enjoying the higher market returns, select a State and invest in Tax Deed today! Looking for additional information regarding tax deed or tax lien auctions? Visit this site http://www.taxsalessecrets.com/taxliens.html?orid=10519&opid=1 for additional detail and information.
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