Tax Deed Sales - Tax Deeds The Foreclosure Approach
Tax Deed Sales / Tax Deeds provide an opportunity to obtain real property through foreclosure. This method is the least common way to foreclose on tax delinquent property. Typically, no certificates are sold and the sale occurs at the county level. The property owners are given ample time and opportunity to pay their delinquent property taxes. If delinquent property taxes are not paid (cured), the properties are auctioned off at oral-bid, at a Tax Deed Sale / Tax Deeds public auction. Some states require that only the back taxes, interest and administrative costs be paid. Others, like the state of California, require an opening bid that is half of the fair market value of the property.
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