In Florida real estate taxes become delinquent on April 1st of each year. After real estate taxes have become delinquent, the Tax Collector of each county must conduct a tax lien certificate sale for unpaid taxes on each parcel of property on or before June 1st .

When a certificate is sold against a piece of property, the successful bidder pays the delinquent taxes on that property and holds a certificate which constitutes a first lien against the property. 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, the tax certificate holder is entitled to submit a tax deed application with the County.

The tax certificate being auctioned is a tax year 2007 Hillsborough County certificate. The certificate is a tax lien on a 1 acre property including 1,487 sqft 2 Bed, 2.5 Bath townhouse condominium located in Tampa, Florida and is eligible to apply for tax deed February 1, 2010.

The tax certificate being offered earns 18% interest annually. As an investor you have the option in the future to continue to receive 18% interest per year or cash in on your investment and bring the property to a tax deed sale.

The buyer is bidding on a Tax Certificate for the 2007 Taxes including the first right to purchase all subsequent liens on this property for Foreclosure. Per foreclosure law, Holding a Certificate 24 Months from its initial sale entitles the owner of the certificate the right to foreclose.

Pertaining to foreclosure there will be other costs associated- please contact Hillsborough County for details, http://www.hillsboroughcounty.org/

Property Address: 269 Alexander Woods Dr

Complete Legal Description - ALEXANDER WOODS TOWNHOMES LOT 3 BLOCK 11

Folio: 205010-0136

Similar town-homes in this community sell in the $135,000 - $180,000 range:

http://www.zillow.com/homes/map/269-ALEXANDER-WOODS-DR_rb/

I have listed all information truthfully and to the best of my knowledge, but as in any real estate transaction, you should do your due diligence before bidding.

This is your chance to own real estate for only pennies on the dollar.

A $295.00 documentation/transfer fee will be added to the high bid.