Enjoy Beautiful Arizona!
The Prime Location and value make this an INCREDIBLE investment opportunity!
This property is located near Hyatt Regency Resort, McCormick Ranch Golf Club, and Talking Stick Resort and Casino.
Phoenix is home to the NFL's Arizona Cardinals, the NBA's Phoenix Suns, MLB's Arizona Diamondbacks, and the NHL's Phoenix Coyotes. Additionally, you can catch two yearly NASCAR races, College Football's Tostitos Fiesta Bowl, and the Waste Management Phoenix Open Golf Tournament - which has the highest attendance of any PGA Tour event. Speaking of Golf, the city is home to over 200 golf courses.
This property has easy access to fine dining and shopping, sports and entertainment, not to mention close proximity to the Grand Canyon, Las Vegas, and hundreds of Phoenix area Golf Courses!
ADDITIONAL INFORMATION
Frequently Asked Questions:
Q. Is it possible that the winner of this Tax Certificate may follow Maricopa County, Arizona procedures and bring an action to foreclose the right to redeem on or after February 6, 2021 and have the opportunity to win this valuable real estate free and clear, for pennies on the dollar?
A. Yes! If the property owner doesn’t pay off the tax lien by the end of the redemption period, you are able to obtain the property through judicial foreclosure.
Q. Where do Tax Lien Certificates Come From?
A. Issued by federal, state, or local tax authorities, a tax lien is placed against the title/deed of real estate when the owner fails to pay taxes. The tax lien prevents the owner from selling the property until the debt is paid. Here is where the tax lien investor comes in. By purchasing the tax lien certificate held against the real estate, you (the investor) are entitled to repayment of the face value of the tax lien certificate plus applicable interest. In the event the real estate owner fails to repay you accordingly, you (the investor) can move to the county to foreclose the right to redeem after 3 years from the original date the tax lien certificate was sold to the investor by the taxing authority. Here, the deadline for the property owner to redeem this specific real estate expires on February 6, 2021. A Tax Lien Certificate is a first lien on the real estate. Purchase of a tax certificate does not permit the certificate holder to enter the property or contact the owner. A foreclosure and/or redemption is done through the County office only.
Q. What happens if the tax lien is redeemed?
A. In the event this tax certificate is redeemed, the buyer will receive the face value of the certificate, minus a small fee, from the County. In the event that this lien is redeemed during the auction or within 2 weeks of the auction ending before transfer is complete, buyer will receive a replacement lien of equal or greater assessed value from the seller; if seller has no lien of greater value, two liens will be given. If lien is redeemed prior to transfer being completed more than 2 weeks after the auction ends, seller will send buyer the amount of the redemption check that would have come to buyer had transfer been completed.
Terms and Conditions:
1. Investment Opportunity: You are bidding on a tax lien certificate on real estate as listed above. The Investor/Bidder is bidding on a Real Estate Tax Lien Certificate issued in February 2018 from Maricopa County, Arizona. The winner may have the opportunity to move for a foreclosure deed on said property on or after February 6, 2021.
2. Liens: The amount of back taxes owed on this property is $72.22; which is the face value of the tax lien certificate for this property.
3. Redemption: The owner of this property has 3 years to redeem this tax lien certificate. In order to redeem this tax lien certificate, the owner must pay the tax lien certificate holder the face value of the tax lien certificate plus any applicable interest. In the event this tax lien certificate is redeemed, the buyer will receive the face value of the tax lien certificate, minus a small fee, from the County. In the event that this lien is redeemed during the auction or within 2 weeks of the auction ending before transfer is complete, buyer will receive a replacement lien of equal or greater assessed value from the seller; if seller has no lien of greater value, two liens will be given. If lien is redeemed prior to transfer being completed more than 2 weeks after the auction ends, seller will send buyer the amount of the redemption check that would have come to buyer had transfer been completed. If the tax lien is redeemed, the seller is not responsible for refunding the auction bid, transfer fee, or buyer's premium.
4. Foreclosure: If the property owner fails to redeem the lien on this property before February 6, 2021 you can then pursue foreclosure through the county.
5. Customer Service: Seller will provide buyer with step-by-step instructions to transfer tax lien certificate and will provide assistance with pursuing foreclosure if needed.
6. Due Diligence: Buyer’s bidding on this tax lien implies that Buyer has completed their due diligence, is satisfied with their findings and is ready to purchase and pay for this real estate tax lien as agreed herein. As such, Buyer shall ask Seller any and all questions prior to bidding and not wait until after they win this auction to start asking questions related to this purchase of a real estate tax lien. Buyer understands that there are no refunds at any time. Buyer’s bidding on this tax lien implies that they agree to abide by the terms of this auction.
7. Buyer’s Premium: This auction is subject to a 10% buyer’s premium with a minimum of $100.
8. Payment/Transfer Fee: A Transfer Fee of $150.00 will be added to the Winning Bid. Payment is due within 3 days from the conclusion of this auction/sale. Payment is to be made by Buyer to Seller via a Bank Wire or Certified Check. Once payment is made to seller there are no refunds. Once Buyer’s total payment amount has been received by Seller, Buyer will receive a copy of the tax lien certificate transfer documents, with easy to follow instructions, via Priority Mail. Seller will assist Buyer if needed with this easy transfer.
9. Disclosure: The information in this listing is correct to the best of seller’s knowledge. Seller has not been to this property and only owns the tax lien certificate on it.
Good Luck Bidding!