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#66408 - 03/02/04 07:07 PM tax certificate
Anonymous
Unregistered


after a house bought at a tax sale.
are you responsible for any leins placed on house after the sale? the owners have two years to recover the property.

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#66409 - 03/02/04 07:18 PM Re: tax certificate
Realty Check Offline
Major Contributor

Registered: 09/19/03
Posts: 2410
Loc: Panama City FL
Each States Laws differ in how Tax Certificates are handled, same for foreclosures. Different redemption periods exist and some are very long in the case of Tax Certificates and typically less for foreclosures.

You will need to check with your county clerk for accurate information on the topic. However in general, tax certificates are considered more of a short term financial investment to get good interest rates and not to actually acquire property rights. You will need to look at foreclosures for that result in real estate investment... but know what your doing or you can get burned. Good Courses are available and many are state specific or have state specific information that is critical.

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#66410 - 03/23/04 12:34 PM Re: tax certificate
Anonymous
Unregistered


Reality is 100% correct, each state is totally different. Heck I have seen counties that varied in the way they processed things. I know of one municipality, where after much legal gobbly gook, they actually changed the type of deed that was given to the person...

Your best bet is to speak with the Clerk of Court and a LOCAL Attorney in how you should progress forward. This way, you can keep yourself covered no matter what...

Enjoy


 Quote:
Originally posted by lost in space:
after a house bought at a tax sale.
are you responsible for any leins placed on house after the sale? the owners have two years to recover the property.

Top


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