This is your chance to buy real estate in Florida for pennies on the dollar! You will own a tax certificate that earns 18% interest annually, but you must act fast!
Since the 2 year redemption period has expired, you can apply for a tax deed today. HOWEVER, you must hurry as this certificate will expire by May 31 if no action is taken (in other words, if you buy this certificate and start the deed process BEFORE May 31, you will still have the chance to own this property outright!)
Asset descpription:
Osceola County, Florida!
Close to Kissimmee/St. Cloud and Hwy. 441-192 intesection!
Parcel Number:
102731 000015700000
Certificate # 4155-03
Land Size - 1.26 Acres
Land Use - Recreational
Face Value of Tax Certificate: $27.34
The transaction fee to transfer the Tax Certificate to you is $195.
The buyer is bidding on a 2003 Tax certificate from Osceola County, Florida. The buyer of the certificate is able to apply for the Tax Deed immediately since the 2 year wait is complete. When applying for Tax Deed with the county there will be associated application costs.
Buyer must fill out the transfer documents and forward them to the county in order to have the tax certificate transferred into your name. International bidders must have a U.S. social security number or a U.S. tax ID number.
Due to the quick nature of the deed process, I will transfer papers upon receipt of payment. Transfer paperwork should take at most 2 weeks for the county to process and mail your tax certificate to you. Once the paperwork has been returned to you, you MUST contact the county to start Deed Application Process.
Payment
The final bid & transaction fee are due within 3 days of the end of auction. Payment can be made with Cashiers Check, Money Order or Paypal.
Seller has listed everything accurately and to the best of his knowledge and also requests all buyers do their own Due Diligence BEFORE buying....
Excerpt from Brevard County, pertaining to Tax Certificates!
What is a Tax Certificate:
On or before June 1 of the same year the taxes become delinquent, the Tax Collector holds a sale of tax certificates on all parcels on which taxes have not been paid. The face value of the certificate is the amount of taxes due, plus interest, costs and charges theron.
Purchase of a tax certificate in no way permits the certificate holder to enter the property or harass the owner in any manner. The property owner has a period of two years from the date the tax became delinquent to redeem the tax certificate. The redemption is done through the Tax Collector's office only.
Expiration:
Tax certificates are null and void seven years from the date of issuance. (Florida Statute 197.482)
Buyer Beware:
Certificate buyers need to be aware that there are risks involved with buying certificates, and those risks are borne solely by the certificate holder.
Bankruptcy:
Once this office is advised that a property owner has filed bankruptcy, we are stayed from issuing tax certificates for the current year or processing a tax deed application. This office can take no further action until the bankruptcy case is closed. We are governed by the Bankruptcy Court as to final settlement of outstanding taxes or tax certificates.
Procedure when Tax Certificates are Redeemed:
When a certificate is redeemed, the certificate holder will be sent payment and is responsible for noting same on his certified certificate listing. Property owner's payments releases the tax lien, and the certificate holder has no further claim on the property.
Cancellations:
In the event an error is discovered in a tax certificate, it may be cancelled or corrected by authority of the Department of Revenue. In this case, 8% interest per annum, simple interest, or the rate of interest bid at the tax sale, whichever is less, calculated from the date the certificate was purchased until the date the refund is ordered, will be paid, except as revised by law or court order.
Procedure for Applying for a Tax Deed:
Only one certificate is necessary to bring property to sale for a tax deed. The certificate must be two years old from the date of delinquency to apply for a tax deed. At the time of application for tax deed, the certificate holder should file an application with the Tax Collector. Applicant is required to redeem all other outstanding tax certificates, pay any current taxes for which a certificate has not been sold, and pay the necessary fees involving in applying for the tax deed. The bidding at the tax deed sale will start at the amount of money the certificate holder has invested. Should there be no bidders at the sale, the property is deeded to the applicant. If the property is sold for a higher bid, then the applicant is refunded his money plus interest accrued through the Clerk's office, beginning the month after application.
Thank you for your consideration and for your bid. Please contact me if you have any questions! Good luck!