While no one likes paying taxes, for some, the word "tax" is synonymous with "opportunity."
Taxes can sometimes be profitable. Just ask those who buy tax liens .
In fact, a whole new industry has boomed from people that buy tax liens, caused by delinquent taxes. These forced sales, or tax lien sales, are becoming more and more mainstream and popular with the general public.
What is a Tax Lien Certificate?
In most jurisdictions, when a property owner is late on paying real property taxes, the county or municipality will issue a a tax lien on that person's property. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.
After buying a tax lien certificate you can title to the property (after a certain amount of time, set by the jurisdiction) if the delinquent taxpayer fails to pay up.
Individuals have been snapping up tax liens more and more because of these two benefits. A 18 % fixed percentage rate, mandated by a government agency, or the title to property at a substantial discount are incredible benefits rarely seen with other real estate transactions.
In Florida each County Tax Collector collects taxes from all property owners in their county. Taxes are due November 1st of each year, and if not paid by March 31st the tax collector is required by law to hold a tax certificate sale in which the public has an opportunity to purchase the certificates
Once a certificate is purchased, the certificate holder may at any time after two years has elapsed from the issuance of the tax certificate and before the expiration of seven years from the date of issuance, submit a tax deed application with the County to gain title to the property.
The certificate can be sold or transferred to another person at any time. The sale however must be reported to the County Tax Collectors Office so a corrected certificate, with correct W-9 information can be retained.
Prime Investment
Transfer Paper Work Fees : The total amount of the auction is the amount of your bid plus a $195.00. each documentation fee. All the Paper work that you need to Transfer the Lien will be mailed to you after the auction.
ADDITIONAL DETAILS: Everything we know about these Tax Lien Certificate. We have neither done a title search on this properties, nor have we seen it. Please read our store policies before you bid.
IMPORTANT AUCTION INFORMATION: We make no guarantee as to the accuracy of any photo. Bidder acknowledges that Bidder has either inspected the property or waived their right to inspect this property before bidding. Further, Bidder is relying only on their inspection or due diligence of the Tax lien and the Property made by Bidder and is not relying on any statement concerning the physical condition of the Tax Lien Certificate
made by to Bidder. BINDING AUCTION - SERIOUS BUYERS ONLY. If you aren't prepared to pay within 24 hours, please do not bid. Winning bidder is expected to make prompt payment as soon as the auction ends. If you have any questions, please do. Non-paying bidders will receive negative feedback, be blocked from future bidding on our auctions, and be reported to eBay for possible suspension. All sales are final.
Realestate in Gulf Breeze Two Santa Rosa County FL
Account Number: 23N26000001000090M
Foilo No.: 409240430000
Face Amount- 20.70
Realestate in Land Lot in Two Santa Rosa County, FL
Account Number: 232N290000080001M
Folio Number: 4097155.000
Face Amount- 20.71